October Delaware Beach area and Sussex County Home Market Watch
October monthly real estate statistics for the Delaware Beach area and Sussex County Home market are now available! As a prospective buyer or seller of real estate at the Delaware Beach area and Sussex County, you’ll find this information extremely valuable. It gives you statistical analysis of the market and trends in Sussex County.
Current Market Conditions For Sussex County, DE (as of 10/31/2018—based on sales of single-family homes)
Total Single Family Homes on the Market as of 10/31/2018 ……… 2,017 down 3% from last month
Inventory Breakdown: Resale Homes—69% New Const.—31%
Total Single Family Homes Sold Current Year ………………………… 3,041
Total Single Family Homes Sold Previous Year ………………………. 2,986
% Change in Homes Sold ……………………………………………………… up 2%
Average Price of Homes Sold Current Year ……………………….. $403,298
Average Price of Homes Sold Previous Year ……………………… $380,578
% Change in Average Price …………………………………………………… up 6%
Median Price of Homes Sold Current Year ………………………… $305,000
Median Price of Homes Sold Previous Year ………………………. $287,500
% Change in Median Price ……………………………………………………. up 6%
Average Days on Market of Homes Sold Current Year ……………….. 117
Average Days on Market of Homes Sold Previous Year ……………… 134 %
Change in Average Days on Market …………………………………. down 13%
Statistics compiled from the Bright Multiple Listing Service, and may not reflect all homes on the market.
This information is a valuable tool for making an offer on a Delaware Beach area or Sussex County home for sale by having up-to-date information on selling prices of comparable homes for sale to allow you to make the smartest offer. It will also afford you the knowledge to determine a listing price for your Delaware Beach area or Sussex County home to allow you to obtain the best possible sale price in the shortest amount of time.
Call me anytime to discuss your real estate goals!
