REHOBOTH BEACH HOUSING MARKET DATA

There was an increase in total units sold in May, with 54 sold this month in Rehoboth Beach Real Estate versus 46 last month, an increase of 17%. This month's total units sold was higher than at this time last year, an increase of 10% versus May 2024.

Versus last year, the total number of homes available this month is higher by 78 units or 48%. The total number of active inventory this May was 240 compared to 162 in May 2024. This month's total of 240 is lower than the previous month's total supply of available inventory of 272, a decrease of 12%.

Last May, the median sale price for Rehoboth Beach Homes was $854,920. This May, the median sale price was $862,328, an increase of 1% or $7,408 compared to last year. The current median sold price is 3% higher 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 4.4 months of supply available in Rehoboth Beach, compared to 3.3 in May 2024. That is an increase of 34% 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 67 homes newly listed for sale in Rehoboth Beach compared to 91 in May 2024, a decrease of 26%. There were 59 current contracts pending sale this May compared to 56 a year ago. The number of current contracts is 5% higher than last May.

In May, the average sale price in Rehoboth Beach was 97.1% of the average list price, which is similar compared to a year ago.

This month, the average number of days on market was 56, higher than the average last year, which was 32, an increase of 75%.





FOCUS ON: REHOBOTH BEACH HOUSING MARKET			MAY 2025

Zip Code(s): 19971
Units Sold 54	Active Inventory 240	Median Sale Price $862,328	Days On Market 56

Up 10% Vs. Year Ago	Up 48% Vs. Year Ago	Up 1% Vs. Year Ago	Up 75% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 54 sold this month in Rehoboth Beach Real Estate versus 46 last month, an increase of 17%. This month's total units sold was higher than at this time last year, an increase of 10% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 78 units or 48%. The total number of active inventory this May was 240 compared to 162 in May 2024. This month's total of 240 is lower than the previous month's total supply of available inventory of 272, a decrease of 12%.
		Median Sale Price Last May, the median sale price for Rehoboth Beach Homes was $854,920. This May, the median sale price was $862,328, an increase of 1% or $7,408 compared to last year. The current median sold price is 3% higher 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 67	Current Contracts 59	Sold Vs. List Price 97.1%	Months of Supply 4.4

Down -26% Vs. Year Ago	Up 5% Vs. Year Ago	No Change Vs. Year Ago	Up 34% Vs. Year Ago


		Months of Supply In May, there was 4.4 months of supply available in Rehoboth Beach, compared to 3.3 in May 2024. That is an increase of 34% 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 67 homes newly listed for sale in Rehoboth Beach compared to 91 in May 2024, a decrease of 26%. There were 59 current contracts pending sale this May compared to 56 a year ago. The number of current contracts is 5% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Rehoboth Beach was 97.1% 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 56, higher than the average last year, which was 32, an increase of 75%.


	Rehoboth Beach are defined as properties listed in zip code/s 19971.
	*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.