Market Update - A Local Perspective

New Castle County, DE

New Castle County  experienced a 7.2% increase in the number of sold homes for the first month of 2017 compared to 2016 and a 3.1% decrease in the median price of sold homes, from $214,300 to $207,700. The number of homes that went under contract in the first month of 2017 increased 12.8% from 2016.

Kent County, DE

For the first month of 2017, Kent County experienced a 21.1% increase in the number of sold homes compared to 2016 and a 1.7% decrease in the median sales price from $193,236 to $189,950. The number of homes that went under contract in the first month of 2017 increased 29.4% from 2016.

Sussex County, DE

For the first month of 2017, Sussex County experienced a 12.1% increase in the number of sold homes compared to 2016 and no change in the median sales price of $245,000. The number of homes that went under contract in the first month of 2017 increased 42.4% from 2016.

Southern Chester County, PA

Southern Chester County  experienced a 16.7% increase in the number of sold homes in the first month of 2016 compared to 2015 and an 8.7% decrease in the median price of sold homes, from $352,500 to $322,000. The number of homes that went under contract in the first month of 2016 decreased 34.2% from 2015.

Cecil County, MD

For the first month of 2016, Cecil County experienced an 8.5% increase in the number of sold homes compared to 2015 and an increase in the median sales price of 0.4%; from $185,250 to $186,000. The number of homes that went under contract in the first month of 2016 increased 10.4% 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 02/06/2017.

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