Real Estate Market Activity for October 2019

Current Market Conditions For Sussex County, DE
(as of 10/31/2019—based on sales of single-family homes)

Total Single Family Homes on the Market as of 10/31/2019:  1,805

DOWN 4% from last month

Inventory Breakdown:     Resale Homes—66%   New Const.—34%

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Total Single Family Homes Sold Current Year:   3,396

Total Single Family Homes Sold Previous Year:   3,201

% Change in Homes Sold:  UP 6%

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Average Price of Homes Sold Current Year: $412,001

Average Price of Homes Sold Previous Year              :  $393,729

% Change in Average Price:         UP 5%

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Median Price of Homes Sold Current Year:  $305,000

Median Price of Homes Sold Previous Year:              $299,900

% Change in Median Price:             UP 2%

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Average Days on Market of Homes Sold Current Year:   102

Average Days on Market of Homes Sold Previous Year:   114

% Change in Average Days on Market:        DOWN 11%

Statistics compiled from the Bright Multiple Listing Service, and may not reflect all homes on the market.

 

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