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New Castle County August Market Statistics

By
Services for Real Estate Pros with Independent architectural histor'n Delaware RS-0010115

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.

  August 2014 market report

 

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.

 

Posted by

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Carolyn Roland, Your Historic

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Patterson-Schwartz Real Estate

7234 Lancaster Pike, Hockessin DE

oldhome@psre.com

 Office-302-239-3000 Cell 302-593-5111

Comments (6)

John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Nice report on New Castle County, Carolyn.  I think that slower, steady growth and increases in price are a good sign, especially with the potential for future issues.  Too much too fast has already proven to be a disaster waiting to happen.

Sep 16, 2014 03:02 AM
Carolyn Roland- In Delaware and S. Chester County PA
Independent architectural histor'n - Wilmington, DE
Carolyn Roland, GRI, CRS

John--As the fable says, "slow and steady wins the race".

Sep 16, 2014 05:01 AM
David Saks
Memphis, TN
Broker / Industry Analyst

Fine post and terrific information for the community. Have a great day.

Sep 17, 2014 12:59 AM
Carolyn Roland- In Delaware and S. Chester County PA
Independent architectural histor'n - Wilmington, DE
Carolyn Roland, GRI, CRS

David, I hope your market is doing well!

Sep 17, 2014 05:14 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Great market report for New Castle County, Delaware and glad to hear days on market are decreasing.

Sep 20, 2014 12:37 AM
Carolyn Roland- In Delaware and S. Chester County PA
Independent architectural histor'n - Wilmington, DE
Carolyn Roland, GRI, CRS

Joan-I hope the sun is shining in your market!

Sep 20, 2014 03:23 AM