Single Family & Condo/Townhomes Sold January 1—December 31 of Each Year
The 2018 numbers are tabulated and the adjacent chart shows the Coastal Delaware market comparison to 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 an 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 slightly by 1%.
2) Homes stayed on the market an average of 109 days in 2018 vs 126 days in 2017; a 13.5% faster turn rate.
3) The average list price increased by 3.3% with average sold prices up by nearly 4%— as compared to 2017.
* 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 January 22, 2018, and is: subject to without notice,
may not reflect all real estate transactions; and is considered accurate but not guaranteed.