FOR IMMEDIATE RELEASE
Buyer Demand Steadies as New Listings Drop
WILMINGTON, N.C. (July 14, 2025)
The June 2025 Wilmington MSA housing market disrupts a six-month trend of rising new listings, while buyer demand remains strong. Active listings in the June 2025 market stabilized, with inventory increasing by 1.5 percent to 4,267. A year-over-year comparison indicates active listings in June 2025 increased by 27.5 percent compared to the 3,346 active homes a year ago. New listings for the Wilmington MSA dropped to 1,332, a 20.1 percent decrease from the previous month. Year-over-year, the new listings decreased by a total of 4 percent. Pending sales landed at 1,225, representing a 0.2 percent increase from April 2025 and a 16.9 percent increase from June 2024. The month’s supply of inventory saw a 4.4 percent decrease compared to May 2025. Ending the month with 3.7 months of inventory, the Wilmington MSA experienced a 14.6 percent increase compared to the 3.2 months of supply in June 2024.
Closed sales for the Wilmington MSA increased 6.1 percent compared to May 2025, leading to 1,152 sales in June 2025. Compared to June 2024, closed sales increased 11.2 percent. The June 2025 housing market experienced an average of 63 cumulative days on the market, representing a 14.6 percent year-over-year increase. A month-over-month comparison reveals a 6 percent decrease in cumulative days on market. The median sales price continued to rise to $434,250, a 9.4 percent increase from June 2024 and a month-over-month increase of 2.2 percent.
“As new listings dropped in June 2025, the market experienced a subtle shift away from a saturated market. This shift was evident in the decrease in average cumulative days on market and the months’ supply of inventory. Active listings and the median sales price continue to rise for the Wilmington MSA, and based on previous months, this trend does not appear to be slowing down. While the median sales price continues to raise concerns about the area's affordability, the number of closed sales is remaining strong. As the market enters the heat of the summer, we can expect trends to settle and even dip below the current market indicators,” states 2025 CFR President Brittany Allen. “This market report is a great reminder that working with a REALTOR® is essential as you prepare to list or purchase a house. Being prepared with specific market indicators establishes expectations when entering the market. While sales are taking longer and are often more expensive than a year ago, there are over 1,000 more options and a strong consistency in sales, which indicates a healthy market for the Wilmington MSA.
If you have plans to enter the market in 2025, we believe that the REALTOR® difference is crucial to your transaction. Cape Fear REALTORS® members are well equipped to guide a buyer or seller through the increase in active listings and slower sales. When looking to step into the demands of the housing market in the Cape Fear region, look for the R. That’s the REALTOR® difference.
Cape Fear REALTORS® continues to monitor the housing market activity and provide monthly updates. Working with an expert who keeps a watchful eye on trends and follows the Code of Ethics is important. That’s Who We R.