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| Focus On: Delaware County Housing Market | October 2023 | ||
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| Units Sold 459 |
Active Inventory 660 |
Median Sale Price $325,000 |
Days On Market 23 |
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| Down -14% Vs. Year Ago |
Down -12% Vs. Year Ago |
Up 15% Vs. Year Ago |
Up 10% Vs. Year Ago |
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Units Sold
There was a decrease in total units sold in October, with 459 sold this month in Delaware County Real Estate versus 462 last month, a decrease of 1%. This month's total units sold was lower than at this time last year, a decrease of 14% versus October 2022. |
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Active Inventory
Versus last year, the total number of homes available this month is lower by 92 units or 12%. The total number of active inventory this October was 660 compared to 752 in October 2022. This month's total of 660 is lower than the previous month's total supply of available inventory of 747, a decrease of 12%. |
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Median Sale Price
Last October, the median sale price for Delaware County Homes was $283,000. This October, the median sale price was $325,000, an increase of 15% or $42,000 compared to last year. The current median sold price is 1% higher than in September. 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 562 |
Current Contracts 536 |
Sold Vs. List Price 101.5% |
Months of Supply 1.4 |
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| Down -4% Vs. Year Ago |
Up 5% Vs. Year Ago |
Up 1% Vs. Year Ago |
No Change Vs. Year Ago |
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Months of Supply
In October, there was 1.4 months of supply available in Delaware County. The amount of supply is similar compared to 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 562 homes newly listed for sale in Delaware County compared to 585 in October 2022, a decrease of 4%. There were 536 current contracts pending sale this October compared to 509 a year ago. The number of current contracts is 5% higher than last October. |
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Sale Price to List Price Ratio
In October, the average sale price in Delaware County was 101.5% of the average list price, which is 1.0% higher than at this time last year. Days on Market
This month, the average number of days on market was 23, higher than the average last year, which was 21, an increase of 10%. | |||
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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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