Welcome to May's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was up 15% from one year earlier, and down 6% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 600-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 17%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 350-thousand dollars. The number of units sold decreased 36% year-over-year, and decreased 36% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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 Rehoboth Beach, DE
Area Information for Rehoboth Beach, DE
Median Age:58.74 yr
Median Commute Time:14.08 mins
Population Density:1,175/sq mi
Population Change Since 2000:-7.56%
Closest Airport:Salisbury-ocean City Wicomico Regional