October 2013 Real Estate Market Watch

November 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 October, with 2,073 single-family homes sold, compared to 1,879 through October of 2012, a 10% increase.  In addition, the average sales price (+5%) 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 October 31, 2013, compared to 2,552 homes on the market at the end of September. Click here to view a report which details the sales of single-family homes in Sussex County for the month ending October 2013.

Prudential Gallo, REALTORS® holds the number two position in market share for the number of properties sold in Sussex County, with 663 closed units (9% market share) through the end of October (statistics taken from the Sussex County Association of REALTORS® Multiple Listing Service).