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| MARCH 2025 | |||
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| Units Sold 377 |
Active Inventory 1,879 |
Median Sale Price $500,000 |
Days On Market 59 |
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| Down -6% Vs. Year Ago |
Up 18% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 13% Vs. Year Ago |
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Units Sold
There was an increase in total units sold in March, with 377 sold this month in Sussex County Real Estate versus 327 last month, an increase of 15%. This month's total units sold was lower than at this time last year, a decrease of 6% versus March 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 280 units or 18%. The total number of active inventory this March was 1,879 compared to 1,599 in March 2024. This month's total of 1,879 is higher than the previous month's total supply of available inventory of 1,801, an increase of 4%. |
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Median Sale Price
Last March, the median sale price for Sussex County Homes was $475,000. This March, the median sale price was $500,000, an increase of 5% or $25,000 compared to last year. The current median sold price is 9% 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. |
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| New Listings 764 |
Current Contracts 521 |
Sold Vs. List Price 99.8% |
Months of Supply 5.0 |
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| Up 8% Vs. Year Ago |
Up 3% Vs. Year Ago |
Down -1.1% Vs. Year Ago |
Up 25% Vs. Year Ago |
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Months of Supply
In March, there was 5.0 months of supply available in Sussex County, compared to 4.0 in March 2024. That is an increase of 25% 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 764 homes newly listed for sale in Sussex County compared to 705 in March 2024, an increase of 8%. There were 521 current contracts pending sale this March compared to 505 a year ago. The number of current contracts is 3% higher than last March. |
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Sale Price to List Price Ratio
In March, the average sale price in Sussex County was 99.8% of the average list price, which is 1.2% lower than at this time last year. Days on Market
This month, the average number of days on market was 59, higher than the average last year, which was 52, an increase of 13%. | |||
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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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