{"id":7066,"date":"2020-10-12T17:23:29","date_gmt":"2020-10-12T21:23:29","guid":{"rendered":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/?p=7066"},"modified":"2020-10-12T17:30:34","modified_gmt":"2020-10-12T21:30:34","slug":"october-2020-market-watch","status":"publish","type":"post","link":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/october-2020-market-watch\/","title":{"rendered":"October 2020 Market Watch"},"content":{"rendered":"

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

October 2020 Market Watch<\/strong><\/h3>\n
The statistics referenced here are based on single family homes derived from the Bright Multiple Listing Service.<\/strong><\/h6>\n

 <\/p>\n

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

As of the end of September, there were a total of 1,011 homes on the market, a decrease of 11% from the previous month’s end inventory of 1,132.\u00a0 This represents slightly less than a 3-month’s supply of inventory, with a current absorption rate of 383 homes sold per month thus far in 2020.<\/p>\n

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

For the first nine months of 2020, sales of single-family homes in Sussex County are up 15% from last year, with 3,451 homes sold compared to 3,009 for the first nine months of 2019.\u00a0 The areas with the largest increase were the Lewes\/Rehoboth\/Dewey Area, up 33%, and the Georgetown Area, up 28%.\u00a0 All areas of Sussex County showed an increase in the number of homes sold compared to the previous year.<\/p>\n

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

The average sales price of single-family homes in Sussex County are up over the first 9-month period of last year, $450,103 compared to $408,181, a 10% increase.\u00a0 The median sales price increased by 13% from the first 9-months of 2019, $340,000 compared to $301,000.<\/p>\n

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

Pending sales for the first nine months of 2020 are up by 25% compared to last year, with 3,808 homes going under contract through September of 2020, compared to 3,048 in 2019.<\/p>\n

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

The average days on market for homes to go under contract has decreased by 8% for homes closed through September of this year compared to last.\u00a0 In 2020, the current average days on market is 96 days, compared to 104 days through September of 2019.<\/p>\n

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

October 2020 Market Watch The statistics referenced here are based on single family homes derived from the Bright Multiple Listing Service.   Active Listings\/Current Inventory As of the end of September, there were a total of 1,011 homes on the market, a decrease of 11% from the previous month’s end inventory of 1,132.\u00a0 This represents … Continue reading October 2020 Market Watch<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":7067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,37,51,33],"tags":[],"class_list":["post-7066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-miscellaneous","category-news","category-sussex-county-market-watch","category-what-sold"],"_links":{"self":[{"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/posts\/7066","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=7066"}],"version-history":[{"count":0,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/posts\/7066\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/media\/7067"}],"wp:attachment":[{"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/media?parent=7066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/categories?post=7066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/tags?post=7066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}