Curtis Knight, REALTOR provides Real Estate Market trends, tips, tricks.
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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.
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.
Wilmington, MA Real Estate REALTOR Curtis Knight Tips Trends Market