Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was down 27% from one year earlier, and up 8% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 260-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 13%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 280-thousand dollars. The number of units sold increased 75% year-over-year, and held steady month-over-month. These latest figures are encouraging news for both buyers and sellers, indicating a positive trend in the marketplace. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 19958 (Lewes, DE)
Area Information for 19958 (Lewes, DE)
Median Age:54.03 yr
Median Commute Time:17.09 mins
Population Density:408/sq mi
Population Change Since 2000:40.55%
Closest Airport:Salisbury-ocean City Wicomico Regional