Here is some new information on what's happening with real estate in the Wilmington, Delaware real estate market.
We are beginning to see positive signs of growth in the northern Delaware market. Inventory is lower in many areas and many buyers are making decisions sooner rather than later due to positive factors including tax benefits, interest rates and lower prices. Also the FHA is tightening up guidelines for allowable settlement help and down payment amounts so many buyers who would be affected by these changes are acting now. The Wilmington, Delaware real estate market is experiencing some positive changes and properties are beginning to move faster, especially under the $500,000 mark. The expanded and extended tax benefits are available til the end of April and buyers are getting smart and making their move. Currently in suburban Wilmington there are more than 500 properties on the market and 163 Pending (under contract) listings. That seems like a pretty good ratio compared to recent market studies. It appears that we're headed to a more balanced market!
If you want to search the MLS you can peruse a little further into what's for sale. Here are a few nice great deals in the Wilmington, Delaware real estate market!
Check out some good information if you're thinking of selling and/or buying in the Wilmington area. New Castle County is a great place to live and there are plenty of great area attractions for the whole family right here and also in close neighboring areas. Let us know and we'll be glad to keep you updated on the Wilmington, Delaware real estate market.
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