WILMINGTON, NC HOUSING MARKET UPDATE

Updated: Sep 28

We hear a lot of talk about a “bubble” or a “crash,” but the reality is that now is still a great time to buy or sell. People from all over continue flocking to our beautiful Wilmington, North Carolina and the surrounding Cape Fear region, and they all need a place to live. Check in with Cape Fear Living monthly to gain insight into what's happening in the real estate market.


Sponsored By Berkshire Hathaway Home Services: Carolina Premier Properties.



"The real estate market is still good and we are seeing slightly longer days on the market and a slight uptick in inventory," says Broker/Agent Caylin Hawkins of Berkshire Hathaway. "What we aren’t seeing is the market slowing down. Recent sales show us that, when priced correctly, well-marketed listings still receive multiple offers at full price or above. So don’t let the chatter discourage you."


Although interest rates are higher than at the beginning of the year, they are still historically low when you take a peek back through the years. For example, they went down .75 this last month. Like the saying goes, "marry the house, date the interest rate." So if you’re worried about rates going up, lock in now. If they go up, you’ll have gotten a great rate. If they go down, refinance and get that lower rate.