LEWES HOUSING MARKET DATA

There was an increase in total units sold in March, with 70 sold this month in Lewes Real Estate versus 60 last month, an increase of 17%. This month's total units sold was lower than at this time last year, a decrease of 20% versus March 2024.

Versus last year, the total number of homes available this month is higher by 8 units or 3%. The total number of active inventory this March was 308 compared to 300 in March 2024. This month's total of 308 is higher than the previous month's total supply of available inventory of 294, an increase of 5%.

Last March, the median sale price for Lewes Homes was $529,990. This March, the median sale price was $666,490, an increase of $136,500 compared to last year. The current median sold price is 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 4.4 months of supply available in Lewes, compared to 3.4 in March 2024. That is an increase of 28% 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 102 homes newly listed for sale in Lewes compared to 134 in March 2024, a decrease of 24%. There were 73 current contracts pending sale this March compared to 91 a year ago. The number of current contracts is 20% lower than last March.

In March, the average sale price in Lewes was 103.2% of the average list price, which is 1.8% higher than at this time last year.

This month, the average number of days on market was 61, higher than the average last year, which was 49, an increase of 24%.





FOCUS ON: LEWES HOUSING MARKET			MARCH 2025

Zip Code(s): 19958 and 19969
Units Sold 70	Active Inventory 308	Median Sale Price $666,490	Days On Market 61

Down -20% Vs. Year Ago	Up 3% Vs. Year Ago	Up 26% Vs. Year Ago	Up 24% Vs. Year Ago


		Units Sold There was an increase in total units sold in March, with 70 sold this month in Lewes Real Estate versus 60 last month, an increase of 17%. This month's total units sold was lower than at this time last year, a decrease of 20% versus March 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 8 units or 3%. The total number of active inventory this March was 308 compared to 300 in March 2024. This month's total of 308 is higher than the previous month's total supply of available inventory of 294, an increase of 5%.
		Median Sale Price Last March, the median sale price for Lewes Homes was $529,990. This March, the median sale price was $666,490, an increase of $136,500 compared to last year. The current median sold price is 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 102	Current Contracts 73	Sold Vs. List Price 103.2%	Months of Supply 4.4

Down -24% Vs. Year Ago	Down -20% Vs. Year Ago	Up 1.8% Vs. Year Ago	Up 28% Vs. Year Ago


		Months of Supply In March, there was 4.4 months of supply available in Lewes, compared to 3.4 in March 2024. That is an increase of 28% 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 102 homes newly listed for sale in Lewes compared to 134 in March 2024, a decrease of 24%. There were 73 current contracts pending sale this March compared to 91 a year ago. The number of current contracts is 20% lower than last March.
		Sale Price to List Price Ratio In March, the average sale price in Lewes was 103.2% of the average list price, which is 1.8% higher than at this time last year. Days on Market This month, the average number of days on market was 61, higher than the average last year, which was 49, an increase of 24%.


	Lewes are defined as properties listed in zip code/s 19958 and 19969.
	*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.