The Long & Foster Market Minute
Focus On: Delaware County Housing Market December 2016
Units Sold
536
Active Inventory
2,002
Median Sale Price
$205,000
Days On Market
66
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 1%
Vs. Year Ago
Down -29%
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -10%
Vs. Year Ago
Units Sold
The number of units sold remained stable in December, with 536 sold this month in Delaware County Real Estate. This month's total units sold was higher than at this time last year, an increase of 5% versus December 2015.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 818 units or 29%. The total number of active inventory this December was 2,002 compared to 2,820 in December 2015. This month's total of 2,002 is lower than the previous month's total supply of available inventory of 2,364, a decrease of 15%.

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Median Sale Price
Last December, the median sale price for Delaware County Homes was $195,000. This December, the median sale price was $205,000, an increase of 5% or $10,000 compared to last year. The current median sold price is 3% higher than in November.

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
397
Current Contracts
320
Sold Vs. List Price
97.1%
Months of Supply
3.7
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -5%
Vs. Year Ago
Down -5%
Vs. Year Ago
No Change
Vs. Year Ago
Down -30%
Vs. Year Ago
Months of Supply
In December, there was 3.7 months of supply available in Delaware County, compared to 5.3 in December 2015. That is a decrease of 30% 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 397 homes newly listed for sale in Delaware County compared to 417 in December 2015, a decrease of 5%. There were 320 current contracts pending sale this December compared to 338 a year ago. The number of current contracts is 5% lower than last December.

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Sale Price to List Price Ratio
In December, the average sale price in Delaware County was 97.1% 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 66, lower than the average last year, which was 73, a decrease of 10%.

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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.