Market Update - A Local Perspective

New Castle County, DE

New Castle County  experienced a 0.5% increase in the number of sold homes for the first two months of 2017 compared to 2016 and a 2.4% decrease in the median price of sold homes, from $210,000 to $205,000. The number of homes that went under contract in the first 2 months of 2017 increased 15.7% from 2016.

Kent County, DE

For the first 2 months of 2017, Kent County experienced a 28.4% increase in the number of sold homes compared to 2016 and a 0.2% decrease in the median sales price from $193,000 to $192,700. The number of homes that went under contract in the first two months of 2017 increased 26.7% from 2016.

Sussex County, DE

For the first two months of 2017, Sussex County experienced an 18.3% increase in the number of sold homes compared to 2016 and a 3.2% increase in the median sales price from $237,500 to $245,000. The number of homes that went under contract in the first 2 months of 2017 increased 35.5% from 2016.

Southern Chester County, PA

Southern Chester County  experienced a 10.2% decrease in the number of sold homes in the first 2 months of 2017 compared to 2016 and an 1.1% decrease in the median price of sold homes, from $328,362 to $324,604. The number of homes that went under contract in the first two months of 2017 increased 19.1% from 2016.

Cecil County, MD

For the first two months of 2017, Cecil County experienced an 9.6% decrease in the number of sold homes compared to 2016 and an increase in the median sales price of 12.6%; from $178,500 to $201,000. The number of homes that went under contract in the first two months of 2017 increased 3.3% from 2016.

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 03/10/2017.

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