{"id":6052,"date":"2018-11-16T11:58:36","date_gmt":"2018-11-16T16:58:36","guid":{"rendered":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/sussex-county-market-watch-july-2018-stats-copy\/"},"modified":"2018-11-16T12:21:01","modified_gmt":"2018-11-16T17:21:01","slug":"sussex-county-real-estate-update-october-2018-stats","status":"publish","type":"post","link":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/sussex-county-real-estate-update-october-2018-stats\/","title":{"rendered":"Sussex County Real Estate Update – October 2018 Stats"},"content":{"rendered":"
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n

\"\"<\/a><\/p>\n

\n
\n
\n

The statistics referenced here and in the attached newsletter are based on single family homes sold in Sussex County, Delaware, and are compiled from the\u00a0Bright Multiple Listing Service.<\/span><\/h4>\n

Active Listings\/Current Inventory<\/strong><\/span>
\nAs of the end of October, there were a total of 2,017 homes on the market, a decrease of 3% from the previous month’s end inventory of 2,081.\u00a0 This represents a 7-month’s supply of inventory, with a current absorption rate of 304 homes sold per month thus far in 2018.\u00a0 Of the total inventory, 31% (626 homes) of the homes available are new construction.<\/span><\/h4>\n

Closed Sales<\/strong><\/span>
\nFor the first ten months of 2018, sales of single-family homes in Sussex County are up 2% from last year, with 3,041 homes sold compared to 2,986 for the first ten months of 2017.\u00a0 The areas with the largest increase were the Georgetown<\/a> Area, up 23% and the Bethany<\/a>\/Ocean View\/Fenwick<\/a> Area, up 17%.\u00a0 The areas with the largest decrease are the Dagsboro\/Millsboro<\/a> Area, down 12% and the Milton<\/a> Area, down 11% from last year to date.<\/span><\/h4>\n

Home Prices<\/strong><\/span>
\nThe average sales price of single-family homes in Sussex County are up over the first 10-month period of last year, $403,298 compared to $380,578, a 6% increase.\u00a0 The median sales price was up by 6% over the first 10-month of 2017, $305,000 compared to $287,500.<\/span><\/h4>\n

Pending Sales<\/strong><\/span>
\nPending sales for the first nine months of 2018 were down by 1% from last year, with 3,310 homes going under contract through October of 2018, compared to 3,345 in 2017.<\/span><\/h4>\n

Days on Market<\/strong><\/span>
\nThe average days on market for homes to go under contract has decreased by 13% for homes sold through October of this year compared to last.\u00a0 In 2018, the current average days on market is 117 days, compared to 134 days through October of 2017.<\/span><\/h4>\n<\/div>\n<\/div>\n<\/div>\n
\n
<\/div>\n<\/div>\n

\"\"<\/a><\/p>\n

\"\"<\/a><\/p>\n

\"\"<\/a><\/p>\n

\"\"<\/a><\/p>\n

\"\"<\/a><\/p>\n

\"\"<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The statistics referenced here and in the attached newsletter are based on single family homes sold in Sussex County, Delaware, and are compiled from the\u00a0Bright Multiple Listing Service. Active Listings\/Current Inventory As of the end of October, there were a total of 2,017 homes on the market, a decrease of 3% from the previous month’s … Continue reading Sussex County Real Estate Update – October 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-6052","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\/6052","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=6052"}],"version-history":[{"count":0,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/posts\/6052\/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=6052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/categories?post=6052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/tags?post=6052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}