The Wilmington housing market continues to keep both buyers and sellers on their toes as we head into the final stretch of 2025. Whether you’re thinking about buying your first home, upsizing, or listing a property before the new year, here’s a quick and honest look at what’s happening across our coastal market right now.

Interest Rates Are Stabilizing — But Still Influencing Decisions

The good news is that mortgage rates have finally started to level out after months of fluctuations. While they’re not back to the record lows of 2020–2021, many lenders are now offering competitive programs to help buyers lock in better terms.

This small dose of rate relief is helping buyers return to the table — especially those who had paused their search earlier this year. Sellers, in turn, are starting to see more showings and stronger offers on well-priced homes.

Inventory Is Still Tight, But Quality Listings Are Moving Fast

In Wilmington, Hampstead, and down through the Southport and Leland areas, we’re still dealing with limited housing inventory. Homes that are updated, priced right, and in desirable neighborhoods are moving quickly — sometimes with multiple offers within days.

However, buyers are more selective. They’re looking for move-in ready properties that show well and are priced based on today’s market, not last year’s. Homes needing updates or priced too aggressively are sitting longer.