What’s Happening in Wilmington’s Real Estate Market in Fall 2025?

The local market is shifting as builders adjust pricing, mortgage rates remain elevated, and sellers face increasing competition from new construction.

For many buyers and sellers, today’s housing market feels uncertain. Interest rates, new construction, and shifting prices are all influencing decisions. Understanding these forces helps reduce risk and allows you to move forward with clarity.

Are Mortgage Rates Actually Coming Down?

The Federal Reserve recently reduced short-term rates by a quarter point. While this helps credit lines and HELOCs, it does not directly lower 30-year mortgage rates.

Rates in the low twos or threes are unlikely to return without a major economic event. At the moment, FHA and VA loans with points are generally pricing in the high five-percent range.

Why New Construction Is Strong Competition

Builders are actively working to move inventory by cutting prices, buying down interest rates, and offering incentives such as closing cost assistance and upgrades. In many cases, a newly built home now costs the same—or less—than a resale property.

Sellers are not only competing with nearby homes, but also with new construction located 10 to 20 miles away that includes warranties and features many buyers value.

The Advantage of Assumable Loans

Loan assumptions remain one of the most overlooked opportunities in today’s market. Many VA and FHA loans can be assumed by qualified buyers, allowing them to take over a seller’s low interest rate.

In some situations, the process does not require an appraisal and approval can be more straightforward. For example, a 2.99% loan on a $600,000 home can result in a payment similar to a $300,000 home at today’s rates.

For sellers with assumable loans, this feature can significantly increase buyer interest and set a property apart.

Whether you’re in the early planning stages or already navigating a transaction, understanding how interest rates, new construction, and assumable loans affect your options puts you in a stronger position.

If you’d like clear guidance for your next move, feel free to call or text 910-218-8879 or email buddy@buddyblake.com. I’m happy to help you build a strategy that fits today’s market.