State of the Market: Wilmington NC September 17, 2023 

State of the Market: Wilmington NC September 17, 2023
Rates are up
Inventory is down in Wilmington NC
Buyers are hesitant in Wilmington NC
Seller are hesitant in Wilmington NC
We are in a state of GRIDLOCK
Sellers - We are still in a sellers market even though days on the market are longer now. Also that depends on the property and location. If you need to sell, this a great time. If you want to sell and upgrade, it could be a challenge. Inventory is still very low. And rates are adjusting upward.
Buyers, rates can affect your buying power, but remember it's better to buy now and home prices in Wilmington could and will continue to climb. Date the rate, Marry the HOME....you can always refinance when rates adjust downward.
Wilmington NC is a great place to be - our secret it out.
The state of the guide is interesting, but navigable with the right agent to guide you.