The Long & Foster Market Minute
Focus On: Delaware County Housing Market February 2017
Units Sold
377
Active Inventory
2,098
Median Sale Price
$167,250
Days On Market
86
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -2%
Vs. Year Ago
Down -26%
Vs. Year Ago
Up 15%
Vs. Year Ago
Down -5%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in February, with 377 sold this month in Delaware County Real Estate versus 398 last month, a decrease of 5%. This month's total units sold was lower than at this time last year, a decrease of 2% versus February 2016.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 743 units or 26%. The total number of active inventory this February was 2,098 compared to 2,841 in February 2016. This month's total of 2,098 is higher than the previous month's total supply of available inventory of 1,972, an increase of 6%.

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Median Sale Price
Last February, the median sale price for Delaware County Homes was $145,000. This February, the median sale price was $167,250, an increase of 15% or $22,250 compared to last year. The current median sold price is 7% 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.

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New Listings
822
Current Contracts
460
Sold Vs. List Price
95.5%
Months of Supply
5.6
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
No Change
Vs. Year Ago
Down -13%
Vs. Year Ago
No Change
Vs. Year Ago
Down -25%
Vs. Year Ago
Months of Supply
In February, there was 5.6 months of supply available in Delaware County, compared to 7.4 in February 2016. That is a decrease of 25% 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 822 homes newly listed for sale in Delaware County, which is similar to the amount in February 2016. There were 460 current contracts pending sale this February compared to 531 a year ago. The number of current contracts is 13% lower than last February.

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Sale Price to List Price Ratio
In February, the average sale price in Delaware County was 95.5% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 86, lower than the average last year, which was 91, a decrease of 5%.

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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.