Single Family & Condo/Townhomes Sold January 1—June 30 of Each Year
The Mid-2018 numbers are tabulated and the adjacent chart shows the Coastal Delaware market comparison to mid-year 2017 for single family homes, townhomes, and condos combined.
As you can see, the numbers show a very strong market, with increased demand and increased prices. 2018 sales statistics show a significant increase in the number of homes sold along with a declining number of days on market. This, coupled with a limited home inventory, has led to increased prices, as reflected in both the average list and sold prices.
1) The Number of Homes sold in Coastal Delaware increased over 6.7%.
2) Homes stayed on the market an average of 112 days so far in 2018 vs 132 days at the mid-2017 mark; a 15.2% faster turn rate.
3) The average list price increased by 3.2% with average sold prices up by nearly 5%— as compared to mid-2017 numbers.
* Data compiled from the following zip codes:
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.
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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.