{"id":7130,"date":"2021-02-11T14:22:10","date_gmt":"2021-02-11T19:22:10","guid":{"rendered":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/?p=7130"},"modified":"2021-02-11T14:25:46","modified_gmt":"2021-02-11T19:25:46","slug":"january-2021-real-estate-market-activity-for-delaware-beach-areas","status":"publish","type":"post","link":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/january-2021-real-estate-market-activity-for-delaware-beach-areas\/","title":{"rendered":"January 2021 Real Estate Market Activity for Delaware Beach Areas"},"content":{"rendered":"

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

JANUARY 2021 REAL ESTATE MARKET WATCH<\/strong><\/p>\n

The statistics referenced here are based on single family homes derived from the Bright Multiple Listing Service.<\/p>\n

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

As of the end of January, there were a total of 743 homes on the market, a decrease of 10% from the previous month’s end inventory of 823.\u00a0 This represents a 2-month’s supply of inventory, with a current absorption rate of 328 homes sold per month thus far in 2021.\u00a0 Of the total inventory, 51% (379 homes) of the homes available are new construction.<\/p>\n

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

For the first month of 2021, sales of single-family homes in Sussex County are up 25% compared to January of last year, with 328 homes sold compared to 262 for January 2020.\u00a0 The areas with the largest increase are the Milton\/Harbeson\/Broadkill Area, up 60% and the Angola\/Long Neck\/Millsboro Area up 54%.\u00a0 The areas with the largest decrease are the Dagsboro\/Millsboro Area, down 32% and the Milford\/Lincoln\/Slaughter Beach Area, down 14% from last year to date.<\/p>\n

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

The average sales price of single-family homes in Sussex County are up over the first month of last year, $484,345 compared to $394,390, a 23% increase.\u00a0 The median sales price was up by 12% over January of 2020, $345,000 compared to $307,445.<\/p>\n

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

Pending sales for the first month of 2021 were up by 11% from last year, with 346 homes going under contract through January of 2021, compared to 311 in 2020.<\/p>\n

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

The average days on market for homes to go under contract has decreased by 40% for homes sold through January of this year compared to last.\u00a0 In 2021, the current average days on market is 55 days, compared to 91 days through January of 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"

JANUARY 2021 REAL ESTATE 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 January, there were a total of 743 homes on the market, a decrease of 10% from the previous month’s end inventory of 823.\u00a0 This … Continue reading January 2021 Real Estate Market Activity for Delaware Beach Areas<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":7131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,37,51,33],"tags":[],"class_list":["post-7130","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\/7130","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=7130"}],"version-history":[{"count":0,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/posts\/7130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/media\/7131"}],"wp:attachment":[{"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/media?parent=7130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/categories?post=7130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/tags?post=7130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}