— Single Family & Condo/Townhome Sales —
The Mid-Year 2017 numbers are tabulated and the adjacent chart shows the Coastal Delaware market comparison to Mid-Year 2016 for both single family homes and townhomes/condos combined.
As you can see, numbers show a very strong market, with increased demand and increased prices. The numbers point out a significant increase in number homes sold with a declining days on market. This, coupled with a limited home inventory on the market, 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 21% over the first half of 2016.
2) Homes stayed on the market an average of 131 days in Mid-Year 2017 vs 146 days in Mid-Year 2016; a 10% faster turn rate.
3) Both the list and sold prices were on average 9% higher in 2017 as compared to 2016.
* Data compiled from the following zip codes:
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
Click here to return to the Market Analysis homepage for additional coastal Delaware real estate reports.
Source of all compiled data is: Matrix™ Multiple Listing Service System, as of July 2017; subject to change without notice; may not reflect all real estate transactions;
considered accurate but not guaranteed; and does not constitute an opinion of nor is data accuracy responsibility of any Association or its members.