Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 15% from one year earlier, and up 3% 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 290-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up nearly 125%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 200-thousand dollars. The number of units sold decreased 50% year-over-year, and increased 50% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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