Single Family & Condo/Townhomes Sold January 1—March 31 of Each Year
The adjacent chart shows the Coastal Delaware market comparison of Q1 2018 to Q1 2019 for single family homes, townhomes, and condos combined.
Overall, the market is continuing to stabilize, with demand for properties leveling off and inventories shrinking.
1) The Number of Homes sold in Coastal Delaware dereased by 138 properties (nearly 18%).
2) Homes stayed on the market an average of 116 days in Q1 2018 vs 112 days in Q1 2019; a 3.4% faster turn rate.
3) The average list price has increased by 4.6% with average sold prices up by 4.5%— as compared to Q1 2018.
* 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 April 4, 2018, and is: subject to without notice,
may not reflect all real estate transactions; and is considered accurate but not guaranteed.