Market Update - A Local Perspective

New Castle County, DE

New Castle County  experienced a 1.1% increase in the number of sold homes for the first 4 months of 2020 compared to 2019 and a 5.2% increase in the median sales price from $228,000 to $239,900. The number of homes that went under contract in the 1st four months of 2020 decreased 14.7% from 2019.

Kent County, DE

For the 1st four months of 2020, Kent County experienced a 6.1% increase in the number of sold homes compared to 2019 and a 7.5% increase in the median sales price from $214,000 to $230,000. The number of homes that went under contract in the first 4 months of 2020 increased 0.7% from 2019.

Sussex County, DE

For the first 4 months of 2020, Sussex County experienced a 3.9% increase in the number of sold homes compared to 2019 and a 5.7% increase in the median sales price from $283,700 to $299,992. The number of homes that went under contract in the 1st four months of 2020 decreased 15.7% from 2019.

Southern Chester County, PA

Southern Chester County  experienced an 13.1% increase in the number of sold homes in the 1st four months of 2020 compared to 2019 and a 11.1% increase in the median price of sold homes, from $360,000 to $399,900. The number of homes that went under contract in the first four months of 2020 decreased 29.3% from 2019.

Cecil County, MD

For the first 4 months of 2020, Cecil County experienced a 13.9% increase in the number of sold homes compared to 2019 and an increase in the median sales price of 5.9%; from $220,000 to $232,900. The number of homes that went under contract in the 1st four months of 2020 decreased 3.1% from 2019.

Reports are based on data supplied by Bright MLS.  Bright MLS does not guarantee nor is 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 5/11/2020.


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