REHOBOTH BEACH HOUSING MARKET DATA

With relatively few transactions, there was a decrease in total units sold in February, with 24 sold this month in Rehoboth Beach Real Estate. This month's total units sold was lower than at this time last year, a decrease from February 2024.

Versus last year, the total number of homes available this month is higher by 75 units or 55%. The total number of active inventory this February was 212 compared to 137 in February 2024. This month's total of 212 is higher than the previous month's total supply of available inventory of 202, an increase of 5%.

Last February, the median sale price for Rehoboth Beach Homes was $809,523. This February, the median sale price was $757,500, a decrease of 6% or $52,023 compared to last year. The current median sold price is 21% lower than in January.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In February, there was 8.8 months of supply available in Rehoboth Beach, compared to 4.2 in February 2024. That is an increase of 113% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 69 homes newly listed for sale in Rehoboth Beach compared to 46 in February 2024, an increase of 50%. There were 50 current contracts pending sale this February compared to 43 a year ago. The number of current contracts is 16% higher than last February.

In February, the average sale price in Rehoboth Beach was 98.9% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 70, higher than the average last year, which was 44. This increase was impacted by the limited number of sales.





FOCUS ON: REHOBOTH BEACH HOUSING MARKET			FEBRUARY 2025

Zip Code(s): 19971
Units Sold 24	Active Inventory 212	Median Sale Price $757,500	Days On Market 70

Down Vs. Year Ago	Up 55% Vs. Year Ago	Down -6% Vs. Year Ago	Up Vs. Year Ago


		Units Sold With relatively few transactions, there was a decrease in total units sold in February, with 24 sold this month in Rehoboth Beach Real Estate. This month's total units sold was lower than at this time last year, a decrease from February 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 75 units or 55%. The total number of active inventory this February was 212 compared to 137 in February 2024. This month's total of 212 is higher than the previous month's total supply of available inventory of 202, an increase of 5%.
		Median Sale Price Last February, the median sale price for Rehoboth Beach Homes was $809,523. This February, the median sale price was $757,500, a decrease of 6% or $52,023 compared to last year. The current median sold price is 21% lower than in January. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 69	Current Contracts 50	Sold Vs. List Price 98.9%	Months of Supply 8.8

Up 50% Vs. Year Ago	Up 16% Vs. Year Ago	No Change Vs. Year Ago	Up 113% Vs. Year Ago


		Months of Supply In February, there was 8.8 months of supply available in Rehoboth Beach, compared to 4.2 in February 2024. That is an increase of 113% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 69 homes newly listed for sale in Rehoboth Beach compared to 46 in February 2024, an increase of 50%. There were 50 current contracts pending sale this February compared to 43 a year ago. The number of current contracts is 16% higher than last February.
		Sale Price to List Price Ratio In February, the average sale price in Rehoboth Beach was 98.9% of the average list price, which is similar compared to a year ago. Days on Market This month, the average number of days on market was 70, higher than the average last year, which was 44. This increase was impacted by the limited number of sales.


	Rehoboth Beach are defined as properties listed in zip code/s 19971.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.