Welcome to November's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was down 19% from one year earlier, and down 14% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 550-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 85%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 310-thousand dollars. The number of units sold decreased 17% 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 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