LEWES HOUSING MARKET DATA

There was an increase in total units sold in May, with 85 sold this month in Lewes Real Estate versus 66 last month, an increase of 29%. This month's total units sold was lower than at this time last year, a decrease of 27% versus May 2024.

Versus last year, the total number of homes available this month is higher by 9 units or 3%. The total number of active inventory this May was 331 compared to 322 in May 2024. This month's total of 331 is lower than the previous month's total supply of available inventory of 398, a decrease of 17%.

Last May, the median sale price for Lewes Homes was $625,085. This May, the median sale price was $587,500, a decrease of 6% or $37,585 compared to last year. The current median sold price is 8% 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.

In May, there was 3.9 months of supply available in Lewes, compared to 2.8 in May 2024. That is an increase of 41% 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 101 homes newly listed for sale in Lewes compared to 117 in May 2024, a decrease of 14%. There were 75 current contracts pending sale this May compared to 93 a year ago. The number of current contracts is 19% lower than last May.

In May, the average sale price in Lewes was 106.6% 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 49, higher than the average last year, which was 43, an increase of 14%.





FOCUS ON: LEWES HOUSING MARKET			MAY 2025

Zip Code(s): 19958 and 19969
Units Sold 85	Active Inventory 331	Median Sale Price $587,500	Days On Market 49

Down -27% Vs. Year Ago	Up 3% Vs. Year Ago	Down -6% Vs. Year Ago	Up 14% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 85 sold this month in Lewes Real Estate versus 66 last month, an increase of 29%. This month's total units sold was lower than at this time last year, a decrease of 27% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 9 units or 3%. The total number of active inventory this May was 331 compared to 322 in May 2024. This month's total of 331 is lower than the previous month's total supply of available inventory of 398, a decrease of 17%.
		Median Sale Price Last May, the median sale price for Lewes Homes was $625,085. This May, the median sale price was $587,500, a decrease of 6% or $37,585 compared to last year. The current median sold price is 8% 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.



New Listings 101	Current Contracts 75	Sold Vs. List Price 106.6%	Months of Supply 3.9

Down -14% Vs. Year Ago	Down -19% Vs. Year Ago	Up 1.7% Vs. Year Ago	Up 41% Vs. Year Ago


		Months of Supply In May, there was 3.9 months of supply available in Lewes, compared to 2.8 in May 2024. That is an increase of 41% 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 101 homes newly listed for sale in Lewes compared to 117 in May 2024, a decrease of 14%. There were 75 current contracts pending sale this May compared to 93 a year ago. The number of current contracts is 19% lower than last May.
		Sale Price to List Price Ratio In May, the average sale price in Lewes was 106.6% 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 49, higher than the average last year, which was 43, an increase of 14%.


	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.