The State of the Market
Key Observations / Mid-Year 2016 vs. Mid-Year 2017 Statistics
The total number of properties sold has increased by over 21%
as of Mid-Year 2017 compared to the same time period in 2016.
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.
The average sales price has increased by 9%
an average difference of over $37,000.
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.