The Long & Foster Market Minute
Focus On: Delaware County Housing Market August 2016
Units Sold
660
Active Inventory
2,659
Median Sale Price
$225,000
Days On Market
65
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 17%
Vs. Year Ago
Down -21%
Vs. Year Ago
Up 13%
Vs. Year Ago
Up 5%
Vs. Year Ago
Units Sold
There was an increase in total units sold in August, with 660 sold this month in Delaware County Real Estate versus 651 last month, an increase of 1%. This month's total units sold was higher than at this time last year, an increase of 17% versus August 2015.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 705 units or 21%. The total number of active inventory this August was 2,659 compared to 3,364 in August 2015. This month's total of 2,659 is lower than the previous month's total supply of available inventory of 2,715, a decrease of 2%.

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Median Sale Price
Last August, the median sale price for Delaware County Homes was $200,000. This August, the median sale price was approximately the same at $225,000. The current median sold price is 13% higher than in August 2015.

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
753
Current Contracts
464
Sold Vs. List Price
96.8%
Months of Supply
4.0
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -9%
Vs. Year Ago
Down -12%
Vs. Year Ago
Down -0.9%
Vs. Year Ago
Down -32%
Vs. Year Ago
Months of Supply
In August, there was 4.0 months of supply available in Delaware County, compared to 6.0 in August 2015. That is a decrease of 32% 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 753 homes newly listed for sale in Delaware County compared to 826 in August 2015, a decrease of 9%. There were 464 current contracts pending sale this August compared to 529 a year ago. The number of current contracts is 12% lower than last August.

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Sale Price to List Price Ratio
In August, the average sale price in Delaware County was 96.8% of the average list price, which is 0.9% lower than at this time last year.

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Days on Market
This month, the average number of days on market was 65, higher than the average last year, which was 62, an increase 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.