Welcome to December's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of December. The number of active listings was down 30% from one year earlier, and down 12% 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 510-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 550-thousand dollars. The number of units sold was consistent year-over-year, and increased 40% month-over-month. These latest figures could indicate that more buyers have been finding what they're looking for. 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