The State of the Market
2017 -vs- 2018
(January 1–June 30 of each year)
— IN SUMMARY —
The total number of properties sold has increased by nearly 7%
by mid-2018 compared to the same time period in 2017.
The average number of Days on Market (DOM) has decreased
with homes currently selling on average 20 days (15.2%) faster than 2017 numbers.
The average sales price has increased by 4.6%
an average difference of nearly $20,000.
There is a significantly low inventory of homes currently listed for sale.
Zip Codes Included:
19930 Bethany Beach, 19939 Dagsboro, 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
SOURCE: Data compiled from Bright™ MLS System, as of July 17, 2018, and is: subject to without notice,
may not reflect all real estate transactions; and is considered accurate but not guaranteed.