July 2013 Real Estate Market Watch

August 14, 2013

The real estate market in Sussex County, Delaware continues to rise at a steady pace. Overall sales of single-family homes in the county have outpaced sales from the previous year through July, with 1,367 single-family homes sold, compared to 1,240 through June of 2012, a 10% increase.  In addition, the average sales price (+5%) and median sales price (+3%) are on the upswing. Inventory has been at a steady pace month-to-month, with 2,560 homes on the market as of July 31, 2013, compared to 2,565 homes on the market at the end of June.  The attached report details the sales of single-family homes in Sussex County for the month ending July 2013.

Prudential Gallo, REALTORS continues to hold the number one position in market share for the number of properties sold in Sussex County, with 438 closed units (9.1% market share) through the end of July (statistics taken from the Sussex County Association of REALTORS Multiple Listing Service).

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