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| FEBRUARY 2025 | |||
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| Units Sold 763 |
Active Inventory 2,901 |
Median Sale Price $399,900 |
Days On Market 50 |
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| Down -8% Vs. Year Ago |
Up 6% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 14% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in February, with 763 sold this month in Delaware Real Estate versus 874 last month, a decrease of 13%. This month's total units sold was lower than at this time last year, a decrease of 8% versus February 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 175 units or 6%. The total number of active inventory this February was 2,901 compared to 2,726 in February 2024. This month's total of 2,901 is lower than the previous month's total supply of available inventory of 2,987, a decrease of 3%. |
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Median Sale Price
Last February, the median sale price for Delaware Homes was $380,000. This February, the median sale price was approximately the same at $399,900. The current median sold price is 5% higher than in February 2024. 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 1,150 |
Current Contracts 1,014 |
Sold Vs. List Price 99.4% |
Months of Supply 3.8 |
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| Down -12% Vs. Year Ago |
Up 1% Vs. Year Ago |
No Change Vs. Year Ago |
Up 16% Vs. Year Ago |
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Months of Supply
In February, there was 3.8 months of supply available in Delaware, compared to 3.3 in February 2024. That is an increase of 16% 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 1,150 homes newly listed for sale in Delaware compared to 1,306 in February 2024, a decrease of 12%. There were 1,014 current contracts pending sale this February compared to 1,005 a year ago. The number of current contracts is 1% higher than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Delaware was 99.4% of the average list price, which is similar compared to a year ago. Days on Market
This month, the average number of days on market was 50, higher than the average last year, which was 44, an increase of 14%. | |||
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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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