The Long & Foster Market Minute
Focus On: Delaware County Housing Market April 2017
Units Sold
526
Active Inventory
2,387
Median Sale Price
$197,500
Days On Market
60
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
No Change
Vs. Year Ago
Down -18%
Vs. Year Ago
Up 4%
Vs. Year Ago
Down -21%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in April, with 526 sold this month in Delaware County Real Estate, a decrease of 1%. This month's total units sold is similar compared to a year ago.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 534 units or 18%. The total number of active inventory this April was 2,387 compared to 2,921 in April 2016. This month's total of 2,387 is higher than the previous month's total supply of available inventory of 2,201, an increase of 8%.

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Median Sale Price
Last April, the median sale price for Delaware County Homes was $190,000. This April, the median sale price was $197,500, an increase of 4% or $7,500 compared to last year. The current median sold price is 9% higher than in March.

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

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New Listings
1,048
Current Contracts
623
Sold Vs. List Price
97.6%
Months of Supply
4.5
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -2%
Vs. Year Ago
Down -26%
Vs. Year Ago
Up 0.7%
Vs. Year Ago
Down -18%
Vs. Year Ago
Months of Supply
In April, there was 4.5 months of supply available in Delaware County, compared to 5.5 in April 2016. That is a decrease of 18% 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.

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New Listings & Current Contracts
This month there were 1,048 homes newly listed for sale in Delaware County compared to 1,070 in April 2016, a decrease of 2%. There were 623 current contracts pending sale this April compared to 847 a year ago. The number of current contracts is 26% lower than last April.

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Sale Price to List Price Ratio
In April, the average sale price in Delaware County was 97.6% of the average list price, which is 0.7% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 60, lower than the average last year, which was 76, a decrease of 21%.

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*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.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by TReND 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 TReND or Long & Foster Real Estate, Inc.