Monthly Snapshot:  Sussex County, DE

Sussex County Market Report - June 2021

A few key points from the August 2021 Market Stats:
  • Closed Sales are outpacing five-year August averages by only 5.6%.
    Demand remains high throughout Coastal Delaware.

  • New Pending Sales have increased only slightly above the five-year August average.

  • Active Listings are down 62.2% from the five-year average for the month of August.

  • Current inventory is extremely low at just over one month of supply.




Year-In-Review:  Sussex County 2020

January 1 through December 31, 2020

 

    2020 2019 % Change
Sold Dollar Volume $3,069,315,077 $2,194,175,812 39.88%
Avg Sold Price $416,394 $371,628 12.05%
Properties Sold 7,338 5,898 24.42%
Avg Days On Market 76 92 -17.39%
Avg LP Sold Properties $419,268 $374,113 12.07%
Avg SP to OLP Ratio 98.0% 96.8% 1.31%
       
# SF Sold 5,281 4,424 19.37%
Avg SF Sold Price $431,477 $380,757 13.32%
       
# C/TH Sold 2,057 1,474 39.55%
Avg C/TH Sold Price $377,730 $344,333 9.70%

 

— KEY —

SF = Single Family     •     C/TH = Condo/Townhome
SP = Sold Price     •     OLP = Original List Price     •     LP = List Price (at time of sale)

Garage/Parking Spaces are not included in Detached/Attached section totals.





The information above provides a high-level overview of the market.
Please call or email your OASIR agent to get a snapshot of market conditions in your town or neighborhood.