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| FEBRUARY 2025 | |||
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| Units Sold 307 |
Active Inventory 1,695 |
Median Sale Price $460,000 |
Days On Market 67 |
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| Down -1% Vs. Year Ago |
Up 13% Vs. Year Ago |
Down -2% Vs. Year Ago |
Up 16% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in February, with 307 sold this month in Sussex County Real Estate versus 329 last month, a decrease of 7%. This month's total units sold was lower than at this time last year, a decrease of 1% versus February 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 189 units or 13%. The total number of active inventory this February was 1,695 compared to 1,506 in February 2024. This month's total of 1,695 is higher than the previous month's total supply of available inventory of 1,644, an increase of 3%. |
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Median Sale Price
Last February, the median sale price for Sussex County Homes was $469,990. This February, the median sale price was $460,000, a decrease of 2% or $9,990 compared to last year. The current median sold price is 12% lower than in January. 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 550 |
Current Contracts 405 |
Sold Vs. List Price 99.6% |
Months of Supply 5.5 |
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| Down -7% Vs. Year Ago |
Down -5% Vs. Year Ago |
Up 0.8% Vs. Year Ago |
Up 14% Vs. Year Ago |
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Months of Supply
In February, there was 5.5 months of supply available in Sussex County, compared to 4.8 in February 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. |
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New Listings & Current Contracts
This month there were 550 homes newly listed for sale in Sussex County compared to 592 in February 2024, a decrease of 7%. There were 405 current contracts pending sale this February compared to 427 a year ago. The number of current contracts is 5% lower than last February. |
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Sale Price to List Price Ratio
In February, the average sale price in Sussex County was 99.6% of the average list price, which is 0.8% higher than at this time last year. Days on Market
This month, the average number of days on market was 67, higher than the average last year, which was 58, an increase of 16%. | |||
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| *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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