Wilmington, MA 01887 Real Estate Market 11-05-18

Curtis Knight, REALTOR provides Real Estate Market trends, tips, tricks.

Call / text 978-590-5910 with questions, and for market updates, tips! 

Market trends, sales and home prices in the Wilmington, MA area as of 11-05-18 .
Homes are now averaging 38 days on the market.   Wilmington, MA:

In the past 90 days 65% of the 62 houses sold in Wilmington, went for at or above the asking price.

Average sold price was $504,247.
As of 11-05-18  there are 60 homes currently for sale in Wilmington, MA

62 homes over 90 days divided by 3 months = 20.67 houses per month.
60 houses currently available for sale divided by 20.67 houses per
month = 2.9 months of “inventory” ( houses available for sale.)
So we currently have 2.9 months worth of inventory in Wilmington, MA.  A Seller’s market.

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0 – 5 months of inventory available is a Seller’s market.
5 – 7 months of inventory available is a Neutral market.
7 or more months of inventory available is a Buyer’s market.

Call / text Real Estate questions: 978-590-5910! Contact me if you want to watch instructional videos about buying or selling homes, or if  you need guidance or education in buying  or selling Real Estate.   I am happy to help!

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Curtis Knight, Wilmington, MA Real Estate Agent / REALTOR provides current stats on Tewksbury, MA area Real Estate.  Remember Curtis owns and operates CKE ~ Curtis Knight Entertainment and we have your  DJ MC, Videography, Uplighting, Photography, Photo Booth, Justice of the Peace and GOBO Monogram.


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Wilmington, MA Real Estate REALTOR Curtis Knight Tips Trends Market

 

 

 

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