Real Estate
Home Sales Drop In Wilmington, Reflecting Statewide Trend
Single-family home sales decreased in Wilmington in 2023, according to a study.
![Single-family home sales decreased in Wilmington in 2023, according to a study from The Warren Group.](https://patch.com/img/cdn20/shutterstock/22956225/20240122/110018/styles/patch_image/public/shutterstock-295004414___22105931250.jpg)
WILMINGTON, MA — Home sales in Wilmington were down last year, reflecting conditions across the state, according to a study from The Warren Group.
In 2023, sales in Wilmington were down 31.9 percent. In 2022, 273 single-family homes were sold, but in 2023, only 186 homes were sold.
The median sale price of a single-family home decreased by .7 percent, from $675,000 to $670,000, according to the Warren Group. However, across the state, prices for single-family homes increased.
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Across Massachusetts, single-family homes dropped to a 12-year low in 2023. Limited inventory combined with high prices and high interest rates all combined to make a tough real estate market for buyers.
Check out the full study from The Warren Group.
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