TOWN-BY-TOWN ANALYSIS
— Single Family Home Sales by Zip Code —

SUMMARY End2017-01










2017 vs 2016 comparative statistics for January 1 through December 31 of each year show a very strong demand for a shrinking supply of properties, with more properties selling faster, even with prices increasing.  Specifically:


•  Inventory:  There continues to be a shrinking supply of inventory with well less than a half year's inventory in 9 of 10 zip codes.

•  Number Sold:  Increased by 312 homes (16%), likely due to new developments.

•  Average Price:  Increased by over $23K (5%).

•  Average Days on Market:  Homes are selling 18 days (13%) faster.




Please scroll down the page for comparitive statistics for individual towns throughout Coastal Delaware*.

* Individual town data is compiled by zip code.  Data compiled as of January 9, 2018.





 

Bethany End2017-01Lewes End2017-01Rehoboth End2017-01Fenwick End2017Frankford End2017-01Millsboro End2017-01Millville End2017-01Milton End2017-01Ocean View End2017-01Selbyville End2017-01



* Data compiled from the following zip codes:
19930 Bethany Beach;  19944 Fenwick Island;  19945 Frankford;  19958 Lewes;  19966 Millsboro (includes Long Neck);
19967 Millville;  19968 Milton;  19970 Ocean View;  19971 Rehoboth Beach (includes Dewey Beach);  19975 Selbyville


 


EXPLANATION OF STATISTICS

Information presented in zip code sequence are for single family homes located in Delaware's beautiful coastal area.  On this page zip codes are presented for our three major resort areas as well as stats on seven adjacent areas, plus a summary for all 10 Zip Codes.

Time Periods:  All stats are based on Single Family homes listed and sold for the period January 1 through December 31, 2017 against the previous year 2016.

Units Sold:  The number of Single Family homes sold and settled during the time frames specified.

Average Days on Market (DOM):

For SOLD - the average number of days between date listed and contract date.
For ACTIVE - 
average number of days between listed date and specified date.

Average Sold Price:  The average selling price of all Single Family homes represents the sum of all sold prices of single family homes, divided by total number of sold properties during the time frames specified.

Current Active Inventory:  The number of Single Family homes listed on the market for sale as of specified date.

* SOURCE: Matrix™ MLS System for residential properties.  Data maintained in this system:  may not reflect all real estate market activities; is deemed reliable but not guaranteed; and is subject to change without notice.