{"id":6149,"date":"2019-01-11T13:11:53","date_gmt":"2019-01-11T18:11:53","guid":{"rendered":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/sussex-county-real-estate-update-november-2018-stats-copy\/"},"modified":"2019-01-11T13:20:34","modified_gmt":"2019-01-11T18:20:34","slug":"sussex-county-real-estate-update-december-2018-stats","status":"publish","type":"post","link":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/sussex-county-real-estate-update-december-2018-stats\/","title":{"rendered":"Sussex County Real Estate Update – December 2018 Stats"},"content":{"rendered":"
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The statistics referenced here are based on single family homes sold in Sussex County, Delaware, and are compiled from the Bright Multiple Listng Service.<\/h4>\n

Active Listings\/Current Inventory<\/strong>
\nAs of the end of December, there were a total of 1,842 homes on the market, a decrease of 6% from the previous month’s end inventory of 1,952.\u00a0 This represents a 6-month’s supply of inventory, with a current absorption rate of 299 homes sold per month thus far in 2018.\u00a0 Of the total inventory, 36% (662 homes) of the homes available are new construction.<\/h4>\n

Closed Sales<\/strong>
\nFor the year ending 2018, sales of single-family homes in Sussex County are down 1% from last year, with 3,583 homes sold compared to 3,612 for the year ending 2017.\u00a0 The areas with the largest increase were the Georgetown Area, up 6% and the Bethany\/Ocean View\/Fenwick Area, up 6% .\u00a0 The areas with the largest decrease are the Dagsboro\/Millsboro Area, down 14% and the Milton Area, down 11% from last year to date.<\/h4>\n

Home Prices<\/strong>
\nThe average sales price of single-family homes in Sussex County are up over last year, $404,721 compared to $380,087, a 6% increase.\u00a0 The median sales price was up by 7% over 2017, $307,000 compared to $288,000.<\/h4>\n

Pending Sales<\/strong>
\nPending sales for the year ending 2018 were down by 3% from last year, with 3,762 homes going under contract through December of 2018, compared to 3,888 in 2017.<\/h4>\n

Days on Market<\/strong>
\nThe average days on market for homes to go under contract has decreased by 14% for homes sold through December of this year compared to last.\u00a0 In 2018, the current average days on market is 115 days, compared to 133 days through December of 2017.<\/h4>\n

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The statistics referenced here are based on single family homes sold in Sussex County, Delaware, and are compiled from the Bright Multiple Listng Service. Active Listings\/Current Inventory As of the end of December, there were a total of 1,842 homes on the market, a decrease of 6% from the previous month’s end inventory of 1,952.\u00a0 … Continue reading Sussex County Real Estate Update – December 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-6149","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\/6149","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=6149"}],"version-history":[{"count":0,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/posts\/6149\/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=6149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/categories?post=6149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/tags?post=6149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}