FOR IMMEDIATE RELEASE
Steady Summer Sales Provide Opportunities for Wilmington MSA Buyers
WILMINGTON, N.C. (July 18, 2025)
The July 2025 Wilmington MSA housing market shows vigorous buyer activity and a notable drop in median sales prices. Active listings reached 4,236, a 25.1 percent increase compared to the 3,387 active homes a year ago. Month-over-month, inventory declined slightly by 0.7 percent from June 2025.
New listings totaled 1,406, marking a 5.6 percent increase from the previous month and a 9.7 percent increase year-over-year. Pending sales rose to 1,244, representing a 1.6 percent month-over-month increase and a 27.5 percent gain compared to July 2024. With a 3.66 months’ supply of inventory, July 2025 experienced a 1.1 percent decline from the previous month, and a 12.3 percent increase compared to last year.
Closed sales landed at 1,156, a 0.3 percent increase compared to June 2025 and a 11.3 percent rise from one year ago. The July 2025 housing market experienced an average of 69 cumulative days on market, up 9.5 percent from the previous month and 23.2 percent from July 2024. The median sales price eased to $400,000, down 7.9 percent month-over-month and holding steady with last year’s level.
“The heart of summer brought a drop in median sales price for the Wilmington MSA. The housing market balanced a surge in active listings with steady buyer demand,” states 2025 CFR President Brittany Allen. “The dip in median sales price compared to last month signals that buyers may have more negotiating power than in previous months, while sellers are still seeing healthy levels of activity. Homes remained on the market longer than in previous months, indicating less pressure for buyers when looking for a suitable home. A housing market like this creates opportunities for well-prepared buyers and sellers who understand current market conditions. Partnering with a REALTOR® ensures you have a strategy tailored to these shifts.”
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.