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| JANUARY 2025 | |||
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| Units Sold 842 |
Active Inventory 2,782 |
Median Sale Price $395,000 |
Days On Market 46 |
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| Up 13% Vs. Year Ago |
Up 7% Vs. Year Ago |
Up 4% Vs. Year Ago |
Up 12% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in January, with 842 sold this month in Delaware Real Estate versus 1,130 last month, a decrease of 25%. This month's total units sold was higher than at this time last year, an increase of 13% versus January 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 181 units or 7%. The total number of active inventory this January was 2,782 compared to 2,601 in January 2024. This month's total of 2,782 is lower than the previous month's total supply of available inventory of 2,968, a decrease of 6%. |
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Median Sale Price
Last January, the median sale price for Delaware Homes was $380,495. This January, the median sale price was $395,000, an increase of 4% or $14,505 compared to last year. The current median sold price is 1% lower than in December. 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 1,065 |
Current Contracts 943 |
Sold Vs. List Price 98.2% |
Months of Supply 3.3 |
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| Down -2% Vs. Year Ago |
Up 8% Vs. Year Ago |
Down -1.8% Vs. Year Ago |
Down -5% Vs. Year Ago |
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Months of Supply
In January, there was 3.3 months of supply available in Delaware, compared to 3.5 in January 2024. That is a decrease of 5% 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 1,065 homes newly listed for sale in Delaware compared to 1,088 in January 2024, a decrease of 2%. There were 943 current contracts pending sale this January compared to 873 a year ago. The number of current contracts is 8% higher than last January. |
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Sale Price to List Price Ratio
In January, the average sale price in Delaware was 98.2% of the average list price, which is 1.8% lower than at this time last year. Days on Market
This month, the average number of days on market was 46, higher than the average last year, which was 41, an increase of 12%. | |||
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*Defined as the counties of Kent, New Castle, and Sussex in DE | ||
| *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. |
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