CHRIS CASHMAN

Patterson-Schwartz Real Estate

Market Update - A Local Perspective

New Castle County, DE

New Castle County  experienced a 4.7% decrease in the number of sold homes for the first 4 months of 2019 compared to 2018 and a 7.3% increase in the median sales price from $212,450 to $228,000. The number of homes that went under contract in the first four months of 2019 decreased 8.4% from 2018.

Kent County, DE

For the first four months of 2019, Kent County experienced a 7.8% decrease in the number of sold homes compared to 2018 and a 10.7% increase in the median sales price from $193,740 to $214,450. The number of homes that went under contract in the first 4 months of  2019 decreased 9.4% from 2018.

Sussex County, DE

For the first four months of 2019, Sussex County experienced a 6.9% decrease in the number of sold homes compared to 2018 and a 3.1% decrease in the median sales price from $289,900 to $280,975. The number of homes that went under contract in the first 4 months of 2019 decreased 4.0% from 2018.

Southern Chester County, PA

Southern Chester County  experienced an 11.5% decrease in the number of sold homes in the first 4 months of 2019 compared to 2018 and a 1.4% decrease in the median price of sold homes, from $365,000 to $360,000. The number of homes that went under contract in the first four months of 2019 decreased 5.9% from 2018.

Cecil County, MD

For the first 4 months of 2019, Cecil County experienced a 2.7% decrease in the number of sold homes compared to 2018 and an increase in the median sales price of 10.0%; from $200,000 to $219,900. The number of homes that went under contract in the 1st four months of 2019 increased 12.6% from 2018.

Reports are based on data supplied by Bright MLS.  Bright MLS does 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 5/10/2019.

Also In This Issue:

May 2019, Buyer/Seller Edition

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