DAVE ILIFF, REALTOR®

REALTOR® in Delaware, Maryland and Pennsylvania

Market Update - A Local Perspective

New Castle County, DE

New Castle County  experienced an 1.5% decrease in the number of sold homes for the first month of 2018 compared to 2017 and a 2.9% increase in the median sales price from $209,000 to $215,000. The number of homes that went under contract in the 1st month of 2018 decreased 3.5% from 2017.

Kent County, DE

For the 1st month of 2018, Kent County experienced an 8.0% increase in the number of sold homes compared to 2017 and a 2.1% decrease in the median sales price from $192,000 to $188,000. The number of homes that went under contract in the first month of 2018 increased 10.5% from 2017.

Sussex County, DE

For the first month of 2018, Sussex County experienced a 0.3% decrease in the number of sold homes compared to 2017 and a 12.9% increase in the median sales price from $245,000 to $276,675. The number of homes that went under contract in the 1st month of 2018 increased 2.2% from 2017.

Southern Chester County, PA

Southern Chester County  experienced a 1.5% decrease in the number of sold homes in the 1st month of 2018 compared to 2017 and a 13.8% increase in the median price of sold homes, from $325,000 to $370,000. The number of homes that went under contract in the first month of 2018 decreased 17.5% from 2017.

Cecil County, MD

For the first month of 2018, Cecil County experienced a 7.8% decrease in the number of sold homes compared to 2017 and a decrease in the median sales price of 1.1%; from $220,000 to $217,500. The number of homes that went under contract in the 1st month of 2018 decreased 38.0% from 2017.

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 2/7/2018.

Also In This Issue:

February 2018, Buyer/Seller Edition

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