January 2013 Real Estate Market Watch

February 6, 2013

The real estate market in Sussex County, Delaware is off to a good start in 2013, trying to keep pace with a strong year in 2012.

Overall sales of single-family homes in the county were down a bit compared to last January, from 125 in 2012 to 109 for this January.   However, the average sales price and median sales prices are up.   Inventory is starting to increase a bit, and many indicators are pointing to another strong year in sales of homes.  It looks like we are approaching what experts call a "normal" market, one where it is advantageous for both buyers and sellers.

The attached report details the sales of single-family homes in Sussex County for the month ending January 2013.

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