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| JUNE 2025 | |||
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| Units Sold 463 |
Active Inventory 1,977 |
Median Sale Price $510,000 |
Days On Market 56 |
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| No Change Vs. Year Ago |
Up 6% Vs. Year Ago |
Up 2% Vs. Year Ago |
Up 24% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in June, with 463 sold this month in Sussex County Real Estate, a decrease of 6%. This month's total units sold is similar compared to a year ago. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 117 units or 6%. The total number of active inventory this June was 1,977 compared to 1,860 in June 2024. This month's total of 1,977 is lower than the previous month's total supply of available inventory of 2,081, a decrease of 5%. |
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Median Sale Price
Last June, the median sale price for Sussex County Homes was $500,000. This June, the median sale price was $510,000, an increase of 2% or $10,000 compared to last year. The current median sold price is 1% lower than in May. 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 484 |
Current Contracts 437 |
Sold Vs. List Price 99.7% |
Months of Supply 4.3 |
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| Down -23% Vs. Year Ago |
Down -5% Vs. Year Ago |
Down -0.6% Vs. Year Ago |
Up 6% Vs. Year Ago |
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Months of Supply
In June, there was 4.3 months of supply available in Sussex County, compared to 4.0 in June 2024. That is an increase of 7% 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 484 homes newly listed for sale in Sussex County compared to 628 in June 2024, a decrease of 23%. There were 437 current contracts pending sale this June compared to 462 a year ago. The number of current contracts is 5% lower than last June. |
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Sale Price to List Price Ratio
In June, the average sale price in Sussex County was 99.7% of the average list price, which is 0.6% lower than at this time last year. Days on Market
This month, the average number of days on market was 56, higher than the average last year, which was 45, an increase of 24%. | |||
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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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