DELCOLLO & SALVATORE Real Estate

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Market Update - A Local Perspective

New Castle County, DE

New Castle County  experienced an 1.0% decrease in the number of sold homes for the first quarter of 2018 compared to 2017 and a 2.2% increase in the median sales price from $207,950 to $212,450. The number of homes that went under contract in the 1st quarter of 2018 decreased 7.0% from 2017.

Kent County, DE

For the 1st quarter of 2018, Kent County experienced an 3.3% increase in the number of sold homes compared to 2017 and a 0.1% decrease in the median sales price from $194,500 to $194,400. The number of homes that went under contract in the first quarter of 2018 increased 10.7% from 2017.

Sussex County, DE

For the first quarter of 2018, Sussex County experienced an 3.5% decrease in the number of sold homes compared to 2017 and an 11.8% increase in the median sales price from $255,000 to $285,000. The number of homes that went under contract in the 1st quarter of 2018 increased 3.3% from 2017.

Southern Chester County, PA

Southern Chester County  experienced a 6.3% decrease in the number of sold homes in the 1st quarter of 2018 compared to 2017 and a 5.6% increase in the median price of sold homes, from $341,000 to $360,000. The number of homes that went under contract in the first quarter of 2018 decreased 8.1% from 2017.

Cecil County, MD

For the first quarter of 2018, Cecil County experienced an 12.5% decrease in the number of sold homes compared to 2017 and a decrease in the median sales price of 4.7%; from $215,000 to $204,982. The number of homes that went under contract in the 1st quarter of 2018 decreased 15.9% from 2017.

Reports are based on data supplied by TREND MLS (DE/PA), MRIS MLS (MD) and/or SCAOR MLS (Sussex County, DE). TREND, SCAOR and/or MRIS do not guarantee nor are responsible for its accuracy. Data maintained by an MLS may not reflect all real estate activities in the market. Information is deemed reliable but not guaranteed. Data is as of 4/10/2018.

Also In This Issue:

April 2018, Buyer/Seller Edition

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