November 2013 Real Estate Market Watch

December 13, 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 November, with 2,313 single-family homes sold, compared to 2,092 through November of 2012, an 11% increase.  In addition, the average sales price (+5%) and median sales price (+8%) are on the upswing. Inventory has dropped slightly, with 2,446 homes on the market as of November 30, 2013, compared to 2,580 homes on the market at the end of September.  Prudential Gallo, REALTORS® holds the number two position in market share for the number of properties sold in Sussex County, with 734 closed units (9% market share) through the end of November (statistics taken from the Sussex County Association of REALTORS® Multiple Listing Service). Click here to read our Market Watch report, which details details the sales of single-family homes in Sussex County for the month ending November 2013.