DELAWARE HOUSING MARKET DATA

There was an increase in total units sold in March, with 937 sold this month in Delaware Real Estate versus 798 last month, an increase of 17%. This month's total units sold was lower than at this time last year, a decrease of 4% versus March 2024.

Versus last year, the total number of homes available this month is higher by 284 units or 10%. The total number of active inventory this March was 3136 compared to 2,852 in March 2024. This month's supply remained stable as compared to last month.

Last March, the median sale price for Delaware Homes was $390,000. This March, the median sale price was $390,000, which is similar compared to a year ago. The current median sold price is 2% higher than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In March, there was 3.3 months of supply available in Delaware, compared to 2.9 in March 2024. That is an increase of 14% 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.

This month there were 1,589 homes newly listed for sale in Delaware compared to 1,544 in March 2024, an increase of 3%. There were 1,316 current contracts pending sale this March compared to 1,224 a year ago. The number of current contracts is 8% higher than last March.

In March, the average sale price in Delaware was 99.6% of the average list price, which is 0.7% lower than at this time last year.

This month, the average number of days on market was 49, higher than the average last year, which was 40, an increase of 23%.





FOCUS ON: DELAWARE HOUSING MARKET			MARCH 2025

Units Sold 937	Active Inventory 3,136	Median Sale Price $390,000	Days On Market 49

Down -4% Vs. Year Ago	Up 10% Vs. Year Ago	No Change Vs. Year Ago	Up 23% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 937 sold this month in Delaware Real Estate versus 798 last month, an increase of 17%. This month's total units sold was lower than at this time last year, a decrease of 4% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 284 units or 10%. The total number of active inventory this March was 3136 compared to 2,852 in March 2024. This month's supply remained stable as compared to last month.
		Median Sale Price Last March, the median sale price for Delaware Homes was $390,000. This March, the median sale price was $390,000, which is similar compared to a year ago. The current median sold price is 2% higher than in February. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 1,589	Current Contracts 1,316	Sold Vs. List Price 99.6%	Months of Supply 3.3

Up 3% Vs. Year Ago	Up 8% Vs. Year Ago	Down -0.7% Vs. Year Ago	Up 14% Vs. Year Ago


		Months of Supply In March, there was 3.3 months of supply available in Delaware, compared to 2.9 in March 2024. That is an increase of 14% 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.
New Listings & Current Contracts This month there were 1,589 homes newly listed for sale in Delaware compared to 1,544 in March 2024, an increase of 3%. There were 1,316 current contracts pending sale this March compared to 1,224 a year ago. The number of current contracts is 8% higher than last March.
		Sale Price to List Price Ratio In March, the average sale price in Delaware was 99.6% of the average list price, which is 0.7% lower than at this time last year. Days on Market This month, the average number of days on market was 49, higher than the average last year, which was 40, an increase of 23%.


	*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.