{"id":6578,"date":"2019-07-09T10:51:03","date_gmt":"2019-07-09T14:51:03","guid":{"rendered":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/?p=6578"},"modified":"2019-07-09T10:51:13","modified_gmt":"2019-07-09T14:51:13","slug":"current-real-estate-market-condition-for-sussex-county-de","status":"publish","type":"post","link":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/current-real-estate-market-condition-for-sussex-county-de\/","title":{"rendered":"Current Real Estate Market Conditions for Sussex County, DE"},"content":{"rendered":"

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

This Month’s Market Watch Analysis<\/p>\n

Here is our analysis of the real estate market in Sussex County, Delaware.\u00a0 Statistics used here are based on Single-Family home sales through the end of June 2019, derived from the Bright Multiple Listing Service. They do not comprise all home sales in the market.<\/p>\n

Active Listings\/Current Inventory<\/strong><\/p>\n

As of the end of June, there were a total of 2,060 homes on the market, a slight decrease from the previous month’s end inventory of 2,066.\u00a0 This represents a 7-month’s supply of inventory, with a current absorption rate of 300 homes sold per month thus far in 2019.<\/p>\n

Closed Sales<\/strong><\/p>\n

For the first six months of 2019, sales of single-family homes in Sussex County are up 1% from last year, with 1,801 homes sold compared to 1,791 for the first six months of 2018.\u00a0 The areas with the largest increase were the Milton\/Harbeson\/Broadkill Area, up 22% and Western Sussex County, up 12%.\u00a0 The areas with the largest decrease are the Angola\/Long Neck\/Millsboro Area, down 8% and the Lewes\/Rehoboth\/Dewey Area, down 6% from last year to date.<\/p>\n

Home Prices<\/strong><\/p>\n

The average sales price of single-family homes in Sussex County are down slightly compared to the first 6-month period of last year, $402,011 compared to $403,880, a less than 1% decrease.\u00a0 The median sales price was down by 4% over the first 6-months of 2018, $297,000 compared to $308,490.<\/p>\n

Pending Sales<\/strong><\/p>\n

Pending sales for the first six months of 2019 were up by less 3% over last year, with 1,967 homes going under contract through June of 2019, compared to 1,911 in 2018.<\/p>\n

Days on Market<\/strong><\/p>\n

The average days on market for homes to go under contract has decreased by 12% for homes sold through June of this year compared to last.\u00a0 In 2019, the current average days on market is 106 days, compared to 120 days through June of 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"

This Month’s Market Watch Analysis Here is our analysis of the real estate market in Sussex County, Delaware.\u00a0 Statistics used here are based on Single-Family home sales through the end of June 2019, derived from the Bright Multiple Listing Service. They do not comprise all home sales in the market. Active Listings\/Current Inventory As of … Continue reading Current Real Estate Market Conditions for Sussex County, DE<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":6579,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,37,51],"tags":[],"class_list":["post-6578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-miscellaneous","category-news","category-sussex-county-market-watch"],"_links":{"self":[{"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/posts\/6578","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=6578"}],"version-history":[{"count":0,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/posts\/6578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/media\/6579"}],"wp:attachment":[{"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/media?parent=6578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/categories?post=6578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/tags?post=6578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}