The State of the Market

Key Observations / Mid-Year 2016 vs. Mid-Year 2017 Statistics
 

 INCREASE STAT

The total number of properties sold has increased by over 21%
as of Mid-Year 2017 compared to the same time period in 2016.



DECREASE STAT

The average number of Days on Market (DOM) has decreased
with homes currently selling on average 15 days (10%) faster than Mid-Year 2016 numbers.



INCREASE STAT

The average sales price has increased by 9%
an average difference of over $37,000.



DECREASE STAT

There is a significantly lower inventory of homes currently for sale
- a 20% decrease in homes for sale versus Mid-Year 2016 numbers.




Zip Codes Included:
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

NOTE:  Data as of June 30, 2017,  for only residential Single Family and Condo/Townhome properties.
Data maintained: may not reflect all real estate market activities; is deemed reliable but not guaranteed; and is subject to change without notice.