Market Update - A Local Perspective

 

New Castle County, DE

New Castle County experienced a 23.5% decrease in the number of sold homes for the second month of 2023 compared to 2022 and a 4.2% increase in the median sales price from $292,700 to $305,000. The number of homes that went under contract in the 2nd month of 2023 decreased 29.4% from 2022.

 

Kent County, DE

For the 2nd month of 2023, Kent County experienced a 25.7% decrease in the number of sold homes compared to 2022 and an 8.1% increase in the median sales price from $277,490 to $299,900. The number of homes that went under contract in the second month of 2023 decreased 30.7% from 2022.

 

Sussex County, DE

For the second month of 2023, Sussex County experienced a 28.8% decrease in the number of sold homes compared to 2022 and a 9.8% increase in the median sales price from $410,000 to to $450,000. The number of homes that went under contract in the 2nd month of 2023 decreased 19.1% from 2022.

 

Southern Chester County, PA

Southern Chester County experienced a 38.0% decrease in the number of sold homes for the second month of 2023 compared to 2022 and a 0.2% decrease in the median sales price from $498,695 to $497,500. The number of homes that went under contract in the 2nd month of 2023 decreased 33.0% from 2022.

 

Cecil County, MD

For the 2nd month of 2023, Cecil County experienced a 40.4% decrease in the number of sold homes compared to 2022 and a 10.1% increase in the median sales price from $297,000 to $327,000. The number of homes that went under contract in the second month of 2023 decreased 39.8% from 2022.

 

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 3/08/2023.

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