Market Update - A Local Perspective

New Castle County, DE

New Castle County  experienced a 15.7% increase in the number of sold homes for the year 2015 compared to 2014 and a 5.9% increase in the median price of sold homes, from $205,000 to $217,000. The number of homes that went under contract in 2015 increased 17.0% from 2014.

Kent County, DE

For the year 2015, Kent County experienced a 15.3% increase in the number of sold homes compared to 2014 and a 3.0% increase in the median sales price from $185,000 to $190,500. The number of homes that went under contract in 2015 increased 13.2% from 2014.

Sussex County, DE

For the year 2015, Sussex County experienced an 8.9% increase in the number of sold homes compared to 2014 and a 1.2% increase in the median sales price from $245,000 to $248,000. The number of homes that went under contract in 2015 increased 15.4% from 2014.

Southern Chester County, PA

Southern Chester County  experienced a 16.7% increase in the number of sold homes in the year 2015 compared to 2014 and a 2.7% increase in the median price of sold homes, from $339,900 to $349,000. The number of homes that went under contract in the 2015 increased 15.7% from 2014.

Cecil County, MD

For the year 2015, Cecil County experienced a 23.2% increase in the number of sold homes compared to 2014 and an increase in the median sales price of 2.3%; from $194,500 to $199,000. The number of homes that went under contract in 2015 increased 20.0% from 2014.

Reports are based on data supplied by TREND MLS (DE/PA), MRIS MLS (MD) and/or SCAOR MLS (Sussex County, DE). TREND, SCAOR and/or MRIS do not guarantee nor are responsible for its accuracy. Data maintained by an MLS may not reflect all real estate activities in the market. Information is deemed reliable but not guaranteed.
Data is as of 01/08/2016.

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