The Federal Housing Finance Agency released their HPI (House Price Index) for the last quarter and year to date. The Wilmington area which is (New Hanover, Pender, Brunswick MSA)  shows last year prices have only dropped by 4.74%, but over the last five years enjoyed appreciation of a whopping 54.17%. That is again great news for our area. Wilmington NC just does not seem to follow national trends. We are seeing great signs of improvement in our marketplace for 2009. Buyers are bargain hunting, but that means we are moving stagnant inventories.

For more complete details on the real estate conditions in Wilmington NC, please feel free to contact me at 800-497-7325 or kay@cbbaker.com or simply log on to my website at www.cbbaker.com