Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 30% from one year earlier, and down 1% 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 over 220-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 55%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 170-thousand dollars. The number of units sold decreased 41% year-over-year, and increased 33% 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.
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Map Information for New Castle, DE
Area Information for New Castle, DE
Population:4,952
Median Age:44.91 yr
Median Commute Time:22 mins
Educational Climate*:4
Sales Tax:0%
Population Density:1,457/sq mi
Population Change Since 2000:-4.92%
Closest Airport:Philadelphia International
Closest College:Wilmington University
Closest Jr. College:Delaware College Of Art And Design
Median Household Income:$57,997
Annual Residential Turnover:0%
Median Home Sales Price:$190,900
Closest Major Sports Team:Wilmington Blue Rocks (a)
Change Avg. Household Income Since 2000:27.49%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for New Castle, DE
Median Age: 44.91Married: 35%Number of Households: 2,154Households with Children: 361
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)
Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.