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The statistics referenced here are based on detached single-family home sales over the last 12 months compared to the previous 12-month period, and the current YTD compared to the previous YTD.\u00a0 They are derived from the Bright Multiple Listing Service.<\/p>\n
Active Listings\/Current Inventory<\/strong><\/p>\n As of the end of October, there were a total of 1,486 homes on the market, a decrease of 1.52% from the previous month’s end inventory of 1,509; and an increase of 9.43% compared to the inventory at the end of October 2024.<\/p>\n Of the 1,486 homes on the market at the month\u2019s end, 35% of them are new construction homes.\u00a0 The current homes on the market represent more than a 4-month supply of inventory, with a current absorption rate of 346 homes sold per month over the last 12 months.<\/p>\n Closed Sales<\/strong><\/p>\n For the first ten months of 2025 compared to the same time frame last year, sales of single-family homes are down 0.32%, with 3,423 homes sold YTD through October of 2025 compared to 3,434 sold YTD through October of 2024.<\/p>\n Over the last 12 months, sales are up 2.95% compared to the previous 12-month period, with 4,148 homes sold compared to 4,029 for the previous year.<\/p>\n For resale homes only (new construction excluded):\u00a0 Over the last 12-months sales are up 10.39% compared to the previous 12-month period, with 2,923 homes sold compared to 2,648 for the previous year.<\/p>\n Home Prices<\/strong><\/p>\n For the first ten months of 2025 YTD compared to the first ten months of 2024 YTD, the average sales price is up by 6.42%, $657,114 compared to $617,460.\u00a0 The median sales price is up by 3.17%, $504,990 compared to $489,450 for the previous period.<\/p>\n Over the last 12-months the average sales price is up 5.95% compared to the previous 12-month period, $652,811 compared to $616,165.\u00a0 The median sales price was up compared to the previous 12-month period, $500,000 compared to $487,000, a 2.67% increase.<\/p>\n For resale homes only (new construction excluded):\u00a0 Over the last 12-months, the average sales price of single-family homes is up 4.46% compared to the previous 12-month period, $645,346 compared to $617,814.\u00a0 The median sales price was up 5.56%, $475,000 compared to $450,000 for the previous period.<\/p>\n Pending Sales<\/strong><\/p>\n Pending sales (homes that have gone under contract) for the first ten months of 2025 compared to the first ten months of 2024 were down by 9.60%, with 3,239 homes under contract through October 2025 YTD compared to 3,583 through October 2024 YTD.<\/p>\n Over the last 12-months, pending sales were down by 7.55% over the previous 12-month period, with 3,794 homes going under contract, compared to 4,104.<\/p>\n Days on Market<\/strong><\/p>\n The median days on market for homes to go under contract has increased by 24.2% for homes that have closed YTD through October 2025 (41 days) compared to YTD through October 2024 (33 days).<\/p>\n For the last 12-months compared to the previous 12-month period, the median days on market for these closed homes are 40 days, compared to 33 days during the previous period, a 21.2% increase.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Real Estate Market Watch – Sussex County, DE November 2025 The statistics referenced here are based on detached single-family home sales over the last 12 months compared to the previous 12-month period, and the current YTD compared to the previous YTD.\u00a0 They are derived from the Bright Multiple Listing Service. Active Listings\/Current Inventory As … Continue reading REAL ESTATE MARKET WATCH – NOVEMBER 2025<\/span> Click Here for the Full Market Watch Report<\/a>\u00a0\u00a0<\/span><\/h3>\n
Contact Me for all your Real Estate Needs and Questions<\/strong><\/h3>\n
Barbara “Babs” Morales<\/strong><\/h3>\n
Babs@SellingDelawareHomes.com<\/strong><\/h3>\n