Monday Morning Coffee - Most Showings YTD
Wilmington, NC - The real estate market here in the Wilmington market continues to grow each and every week. As you can see from the chart below, just over the last week we had over 1,600 showings which the the most showings we've seen in a one-week period in 2020. With the showings, we are seeing more and more contracts with an increased number of multiple offer situations. With the increased activity we are seeing signs of frustrated buyers and buyer agents as our new listing and/or new home inventories are not keeping up with demand. This trend will likey continue and even get worse since so many sellers have recently refinanced at a historically low interest rate and plan to stay where they are for a prolonged period of time. Of course, some homes that may be over-priced continue to sit on the market as some sellers have become unrealistic in their expectations.