Market Update - A Local Perspective

New Castle County, DE

New Castle County  experienced a 5.2% increase in the number of sold homes for the first nine months of 2016 compared to 2015 and 0.4% increase in the median price of sold homes from $218,217 to $219,000. The number of homes that went under contract in the first 9 months of 2016 increased 2.5% from 2015.

Kent County, DE

For the first nine months of 2016, Kent County experienced a 1.6% increase in the number of sold homes compared to 2015 and a 4.7% increase in the median sales price from $190,000 to $199,000. The number of homes that went under contract in the first 9 months of 2016 increased 4.3% from 2015.

Sussex County, DE

For the first 9 months of 2016, Sussex County experienced a 2.4% increase in the number of sold homes compared to 2015 and a 2.0% increase in the median sales price from $245,000 to $249,900. The number of homes that went under contract in the first nine months of 2016 increased 6.4% from 2015.

Southern Chester County, PA

Southern Chester County  experienced a 10.0% decrease in the number of sold homes in the first nine months of 2016 compared to 2015 and there was a 3.4% decrease in the median sales price from $352,000 to $340,000. The number of homes that went under contract in the first 9 months of 2016 decreased 11.2% from 2015.

Cecil County, MD

For the first nine months of 2016, Cecil County experienced a 15.3% increase in the number of sold homes compared to 2015 and an increase in the median sales price of 0.4%; from $199,000 to $199,750. The number of homes that went under contract in the first 9 months of 2016 increased 9.6% from 2015.

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 10/10/2016.

Also in This Issue: