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Walt Dowdy 229 days ago
Because many real estate agents seem to tout the same "Wilmington is doing better than the rest of the country" mantra in an effort to drum up local consumer confidence, it can be quite challenging when sitting down with sellers and discussing pricing strategies in light of current market conditions. I understand and respect the noble effort of seeking to keep consumer confidence strong and I do believe Wilmington has many excellent things going in terms of market strength. Yet, I see many challenges that aren't typically addressed when I talk with sellers who interview other agents to discuss listing their home. Click here to playWalt Dowdy 299 days ago
Putting it All Together In my opinion, this is the coolest graph on the web for the Wilmington NC Real Estate Market (what a geek I am…go ahead and laugh. I can take it). This info, at the time of this writing, can only be found on The Wilmington Search. In this graph, we can see the relationship [...] Click here to playWalt Dowdy 306 days ago
Record Low Pendings in November and December 2008 In December 2007, I couldn’t believe the record low Pendings for the Wilmington NC real estate market. I thought that was a sign that 2008 would be a rough year. Yet, to my surprise, pending contracts continually increased from the low December numbers starting in January 2008. Pendings [...] Click here to playWalt Dowdy 308 days ago
A Somewhat Balanced Absorption Rate? Wilmington’s Absorption Rate has not really been that bad. If you didn’t get a chance to read it already, I explained why the Absorption Rate for the Wilmington NC real estate market has held onto to a somewhat stable market status. I Thought We Were in Serious Trouble At the beginning of 2008, [...] Click here to playWalt Dowdy 309 days ago
Predicting Home Sales & Home Sales Price Home Sales and Average Sales Price are the typical market indicators that are mostly discussed on the news. I do look at these market indicators in order to gain insight into the market, but I realize that they are more of a reactionary indicator of many other market indicators. For [...] Click here to play
