Delaware's housing market continued its seasonal spring pattern in May, but activity remained largely in line with last year's levels, reflecting ongoing affordability challenges and a market that continues to adjust.

Statewide, 1,289 homes were sold in May, virtually unchanged from the 1,291 homes sold during the same month in 2025. New listings also remained stable, declining by just 1% year over year.

While sales activity held steady, pending contracts declined 7% compared with last May, suggesting some buyers continue to take a measured approach to the market. Homes spent an average of nearly 45 days on the market, up slightly from 43 days a year ago.

Inventory continued to increase, rising 12% statewide compared to May 2025. At the same time, home prices showed little movement. The statewide median listed price increased less than 1% to $421,667, while the median sold price declined less than 1% to $396,482.

“Spring is traditionally one of the busiest times of year for housing, but this year’s data suggests many buyers are continuing to balance affordability concerns with their homeownership goals,” said Denise Forman Gaines, 2026 president of the Delaware Association of Realtors. “While sales remained steady, we have not seen a significant increase in activity compared to last year. That reinforces the importance of continuing to expand housing opportunities and support policies that improve affordability for Delaware families."