Market Update - A Local Perspective

New Castle County, DE

New Castle County  experienced an 8% year-over-year decrease in the number of sold homes for the first eight months of 2014 compared to 2013 and a 3% increase in the median price of sold homes, from $198,000 to $204,000. The number of homes that went under contract in the first eight months of the year decreased 5% from 2013.

Kent County, DE

For the first eight months of 2014, Kent County experienced a 1% increase in the number of sold homes compared to 2013 and a 1% increase in the median sales price from $177,888 to $180,000. The number of homes that went under contract in the first eight months of 2014 increased 12% from 2013.

Sussex County, DE

For the first eight months of 2014, Sussex County experienced a 4% decrease in the number of sold homes compared to 2013 and a 2% increase in the median sales price from $235,000 to $239,000. The number of homes that went under contract in the first eight months of 2014 decreased 7% from 2013.

Southern Chester County, PA

Southern Chester County  experienced a 1% year-over-year increase in the number of sold homes in the first eight months of 2014 compared to 2013 and a 5% increase in the median price of sold homes, from $325,000 to $340,000. The number of homes that went under contract in the first eight months of 2014 decreased 0.7% from 2013.

Cecil County, MD

For the first eight months of 2014, Cecil County experienced a 1% decrease in the number of sold homes compared to 2013 and an increase in the median sales price of 0.1%; from $194,900 to $195,000. The number of homes that went under contract in the first eight months of 2014 increased 10% from 2013.

Reports are based on data supplied by TREND MLS (DE/PA), MRIS MLS (MD) and/or SCAOR MLS (Sussex County, DE). TREND, SCAOR and/or MRIS do not guarantee nor are responsible for its accuracy. Data maintained by an MLS may not reflect all real estate activities in the market. Information is deemed reliable but not guaranteed.
Data is as of 9/4/2014.

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