ROB YOUNG

Patterson-Schwartz Real Estate

Market Update - A Local Perspective

New Castle County, DE

New Castle County  experienced a 12.4% increase in the number of sold homes for the first seven months of 2017 compared to 2016 and a 0.9% increase in the median sales price from $218,000 to $219,900. The number of homes that went under contract in the first 7 months of 2017 increased 14.6% from 2016.

Kent County, DE

For the first 7 months of 2017, Kent County experienced a 19.0% increase in the number of sold homes compared to 2016 and a 1.4% decrease in the median sales price from $198,875 to $196,000. The number of homes that went under contract in the first seven months of 2017 increased 23.8% from 2016.

Sussex County, DE

For the first seven months of 2017, Sussex County experienced a 20.2% increase in the number of sold homes compared to 2016 and a 4.0% increase in the median sales price from $250,000 to $260,000. The number of homes that went under contract in the first 7 months of 2017 increased 23.9% from 2016.

Southern Chester County, PA

Southern Chester County  experienced a 1.7% increase in the number of sold homes in the first 7 months of 2017 compared to 2016 and a 5.0% increase in the median price of sold homes, from $343,000 to $360,000. The number of homes that went under contract in the first seven months of 2017 increased 3.5% from 2016.

Cecil County, MD

For the first seven months of 2017, Cecil County experienced a 5.4% increase in the number of sold homes compared to 2016 and an increase in the median sales price of 9.4%; from $197,500 to $216,000. The number of homes that went under contract in the first 7 months of 2017 increased 8.0% from 2016.

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 08/08/2017.

Also In This Issue:

August 2017, Buyer/Seller Edition

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