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| MAY 2025 | |||
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| Units Sold 1,204 |
Active Inventory 3,392 |
Median Sale Price $412,500 |
Days On Market 39 |
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| Down -5% Vs. Year Ago |
Up 7% Vs. Year Ago |
No Change Vs. Year Ago |
Up 11% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 1,204 sold this month in Delaware Real Estate versus 1,109 last month, an increase of 9%. This month's total units sold was lower than at this time last year, a decrease of 5% versus May 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 208 units or 7%. The total number of active inventory this May was 3,392 compared to 3,184 in May 2024. This month's total of 3,392 is lower than the previous month's total supply of available inventory of 3,828, a decrease of 11%. |
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Median Sale Price
Last May, the median sale price for Delaware Homes was $414,000. This May, the median sale price was $412,500, which is similar compared to a year ago. The current median sold price is 3% lower than in April. 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 1,524 |
Current Contracts 1,251 |
Sold Vs. List Price 100.1% |
Months of Supply 2.8 |
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| Down -9% Vs. Year Ago |
Down -1% Vs. Year Ago |
Down -0.6% Vs. Year Ago |
Up 12% Vs. Year Ago |
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Months of Supply
In May, there was 2.8 months of supply available in Delaware, compared to 2.5 in May 2024. That is an increase of 12% 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 1,524 homes newly listed for sale in Delaware compared to 1,683 in May 2024, a decrease of 9%. There were 1,251 current contracts pending sale this May compared to 1,258 a year ago. The number of current contracts is 1% lower than last May. |
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Sale Price to List Price Ratio
In May, the average sale price in Delaware was 100.1% of the average list price, which is 0.6% lower than at this time last year. Days on Market
This month, the average number of days on market was 39, higher than the average last year, which was 35, an increase of 11%. | |||
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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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