The Week in Review Wilmington NC December 21, 2008
By Tina Abraham, Broker, SRS, Realtor, Wilmington NC Luxury Real Estate
(Coldwell Banker Seacoast Realty)
The Week in Review ...your Wilmington Connection December 21, 2008 Wishing you and your family every happiness this Holiday Season and prosperity in the New Year. With the New Year around the corner.....everyone has the same question in mind. What will happen to the real estate market? Are we at the bottom? When will it bounce back. Some say late next year other analyst say not till 2011. Local Home Sales The average price of homes closed here in November was $252,331, while the median price - the point at which half of homes sold for more and half for less - was $194,000. Those figures compared with $273,460 and $205,000, respectively, in November 2007. The figures for the first 11 months of 2008 showed a drop in average price of 5.5 percent compared with the same period in 2007, while...
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