September 2013 Real Estate Market Watch

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 September, with 1,869 single-family homes sold, compared to 1,678 through August of 2012, an 11% increase.  In addition, the average sales price (+6%) and median sales price (+6%) are on the upswing. Inventory has been at a steady pace month-to-month, with 2,580 homes on the market as of September 30, 2013, compared to 2,552 homes on the market at the end of August.  The attached report details the sales of single-family homes in Sussex County for the month ending September 2013.

Prudential Gallo, REALTORS® continues to hold the number one position in market share for the number of properties sold in Sussex County, with 517 closed units (9.% market share) through the end of August (statistics taken from the Sussex County Association of REALTORS® Multiple Listing Service for full-service listings).

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