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Market Update - A Local Perspective

New Castle County, DE

New Castle County  experienced a 1.0% decrease in the number of sold homes for the first half of 2018 compared to 2017 and a 2.2% increase in the median sales price from $217,500 to $222,250. The number of homes that went under contract in the first 6 months of 2018 decreased 0.7% from 2017.

Kent County, DE

For the first half of 2018, Kent County experienced an 2.3% increase in the number of sold homes compared to 2017 and a 2.8% increase in the median sales price from $198,500 to $204,000. The number of homes that went under contract in the first 6 months of 2018 increased 3.4% from 2017.

Sussex County, DE

For the first half of 2018, Sussex County experienced a 0.2% decrease in the number of sold homes compared to 2017 and an 10.6% increase in the median sales price from $259,900 to $287,500. The number of homes that went under contract in the first 6 months of 2018 increased 1.0% from 2017.

Southern Chester County, PA

Southern Chester County  experienced a 5.5% increase in the number of sold homes in the first half of 2018 compared to 2017 and a 2.1% increase in the median price of sold homes, from $359,900 to $367,500. The number of homes that went under contract in the first 6 months of 2018 increased 3.6% from 2017.

Cecil County, MD

For the first half of 2018, Cecil County experienced an 2.7% decrease in the number of sold homes compared to 2017 and an increase in the median sales price of 1.2%; from $214,950 to $217,500. The number of homes that went under contract in the first six months of 2018 decreased 11.8% from 2017.

Reports are based on data supplied by TREND MLS (DE/PA), MRIS MLS (MD) and/or Bright MLS (Sussex County, DE). TREND, BRIGHT 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 7/11/2018.

Also In This Issue:

July 2018, Buyer/Seller Edition

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