It looks as though there is a hesitation in the New Castle County, Delaware real estate market--starting to head upward, but afraid to move too fast as to not bump its head.
Some points are encouraging, such as the number of new listings is finally headed upward, over 6% for August. However, closed sales are still down from 2013, over 9% for the month, and almost 8% for the year as a whole. Prices are trying to edge upward, and days on the market were down over 16% from the previous August.
From personal observation, I do see a whole lot of people out looking at houses, trying to get pre-qualified for a mortgage, and asking for help getting their homes ready to put on the market. So the world moves on, and we learn to deal with the economy we are given!
Wondering how the market will affect your real estate future? Contact Carolyn Roland, your local real estate expert.
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