Welcome to February's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 37% from one year earlier, and up 2% 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 over 340-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 240-thousand dollars. The number of units sold decreased 33% year-over-year, and held steady month-over-month. Even though sales figures were down from a year ago, the recent local market conditions were basically unchanged. 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 Lewes, DE
Area Information for Lewes, DE
Median Age:59.92 yr
Median Commute Time:14.83 mins
Population Density:751/sq mi
Population Change Since 2000:4.46%
Closest Airport:Salisbury-ocean City Wicomico Regional