{"id":7145,"date":"2021-03-16T13:01:50","date_gmt":"2021-03-16T17:01:50","guid":{"rendered":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/january-2021-real-estate-market-activity-for-delaware-beach-areas-copy\/"},"modified":"2021-03-16T14:12:26","modified_gmt":"2021-03-16T18:12:26","slug":"jan-feb-2021-real-estate-market-activity-for-delaware-beach-areas","status":"publish","type":"post","link":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/jan-feb-2021-real-estate-market-activity-for-delaware-beach-areas\/","title":{"rendered":"Jan-Feb 2021 Real Estate Market Activity for Delaware Beach Areas"},"content":{"rendered":"

\"\"<\/a>\u00a0JAN – FEB\u00a0 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<\/strong><\/p>\n

As of the end of February, there were a total of 650 homes on the market, a decrease of 13% from the previous month’s end inventory of 743.\u00a0 This represents slightly more than a 2-month’s supply of inventory, with a current absorption rate of 304 homes sold per month thus far in 2021.<\/p>\n

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

For the first two months of 2021, sales of single-family homes in Sussex County are up 13% from last year, with 608 homes sold compared to 540 for the first two months of 2020.\u00a0 The areas with the largest increase were the Georgetown Area, up 55% and the Bethany\/Ocean View\/Fenwick Area, up 29%.\u00a0 The areas with the largest decrease are the Milford\/Lincoln\/Slaughter Beach Area, down 16% and the Dagsboro\/Millsboro Area, down 3% from last year to date.<\/p>\n

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

The average sales price of single-family homes in Sussex County are up over the first 2-month period of last year, $495,247 compared to $401,340, a 23% increase.\u00a0 The median sales price was also up over the first 2-months of 2020, $349,050 compared to $307,350, a 14% increase.<\/p>\n

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

Pending sales for the first two months of 2021 were up by 11% over last year, with 702 homes going under contract through February of 2021, compared to 632 in 2020.<\/p>\n

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

The average days on market for homes to go under contract has decreased by 33% for homes sold through February of this year compared to last.\u00a0 In 2021, the current average days on market is 58 days, compared to 87 days through February of 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0JAN – FEB\u00a0 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 February, there were a total of 650 homes on the market, a decrease of 13% from the previous month’s end inventory of … Continue reading Jan-Feb 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-7145","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\/7145","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=7145"}],"version-history":[{"count":0,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/posts\/7145\/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=7145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/categories?post=7145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sellingdelawarehomes.com\/delaware-real-estate\/wp-json\/wp\/v2\/tags?post=7145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}