{"id":5838,"date":"2018-08-14T14:21:04","date_gmt":"2018-08-14T18:21:04","guid":{"rendered":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/sussex-county-market-watch-february-2018-stats-copy\/"},"modified":"2018-08-14T14:42:38","modified_gmt":"2018-08-14T18:42:38","slug":"sussex-county-market-watch-july-2018-stats","status":"publish","type":"post","link":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/sussex-county-market-watch-july-2018-stats\/","title":{"rendered":"Sussex County Market Watch – July 2018 Stats"},"content":{"rendered":"
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As of the end of July, there were a total of 2,098 homes on the market, a decrease of 2% from the previous month’s end inventory of 2,147. This represents a 7-month’s supply of inventory, with a current absorption rate of 297 homes sold per month thus far in 2018. Of the total inventory, 34% (713 homes) of the homes available are new construction.<\/span><\/h4>\n

Closed Sales<\/strong><\/span>
\n For the first seven months of 2018, sales of single-family homes in Sussex County are up 2% from last year, with 2,062 homes sold compared to 2,028 for the first seven months of 2017. The areas with the largest increase were the<\/span> Georgetown<\/a><\/span> Area, up 15% and the<\/span> Bethany<\/a><\/span>\/Ocean View<\/span>\/Fenwick<\/span><\/a> Area, up 14%. The areas with the largest decrease are Western Sussex County, down 6%, and the Angola\/<\/span>Long Neck<\/a><\/span>\/Millsboro<\/a><\/span> Area, down 5% from last year to date.<\/span><\/h4>\n

Home Prices<\/strong><\/span>
\n The average sales price of single-family homes in Sussex County are up over the first 7-month period of last year, $404,884 compared to $374,694, an 8% increase. The median sales price was up by 9% over the first 7-month of 2017, $305,000 compared to $280,000.<\/span><\/h4>\n

Pending Sales<\/strong><\/span>
\n Pending sales for the first seven months of 2018 were up by 1% over last year, with 2,372 homes going under contract through July of 2018, compared to 2,346 in 2017.<\/span><\/h4>\n

Days on Market<\/strong><\/span>
\n The average days on market for homes to go under contract has decreased by 11% for homes sold through July of this year compared to last. In 2018, the current average days on market is 122 days, compared to 137 days through July of 2017.<\/span><\/h4>\n

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As of the end of July, there were a total of 2,098 homes on the market, a decrease of 2% from the previous month’s end inventory of 2,147. This represents a 7-month’s supply of inventory, with a current absorption rate of 297 homes sold per month thus far in 2018. Of the total inventory, 34% … Continue reading Sussex County Market Watch – July 2018 Stats<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":5055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[51],"tags":[],"class_list":["post-5838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sussex-county-market-watch"],"_links":{"self":[{"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/posts\/5838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/comments?post=5838"}],"version-history":[{"count":0,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/posts\/5838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/media\/5055"}],"wp:attachment":[{"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/media?parent=5838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/categories?post=5838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/tags?post=5838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}