August housing data shows prices remain steady, sales take longer

Delaware saw 1,279 homes sold in August 2025, a 6 percent increase from the same time last year. While closed sales rose, signs of buyer hesitation also emerged. The average time on market jumped to more than 43 days, a 27 percent increase over August 2024, suggesting that consumers may be taking longer to make purchase decisions.

Median home prices held steady. The median sold price reached $386,783, up less than 1 percent year over year, while the median listed price increased more noticeably to $411,333. Inventory conditions shifted as well, with a 17 percent rise in active listings and a higher overall months of inventory compared to last August.

Despite this improvement in available homes, fewer properties went under contract. Pending sales fell by 10 percent and new listings declined by 7 percent, indicating that while more homes are available, buyer activity is cooling slightly as affordability remains a concern.

“Our members continue to help clients navigate a competitive market with tight inventory and affordability challenges,” said Scott Farnan, president of the Delaware Association of Realtors. “While we are encouraged by the increase in closed sales, the need for more attainable housing options remains top of mind.”

For county data, go to delawarerealtor.com.