Despite a bit of a cool down, Delaware County PA continues to see strong home sales activity throughout the county - continuing a trend seen throughout the year.
After getting off to a tremendous start in 2015, the real estate market has cooled quite a bit in many parts of Delaware County PA, but total sales still remain well above last year at this time.
As of September 1, there have been 4,115 settled home sales in the county. In addition there are 3,184 properties currently on the market ranging in price from less than $20,000 to over $19,000,000. and 853 properties are currently pending.
This is better across the board from this date in 2014. The active listings have dropped 2% from 3,233, Pendings are up 12% from 758 pending listings, and sold homes have risen 14% from the 3,602 properties that had sold as of this date last year.
It looks even better when compared to the trough in activity 5 years ago with active listings down 20% from 3,971, Pendings up 55% from 547, and sales up 50% from 2,728.
Overall the county continues to maintain a healthy sales rate compared to last year and is holding up well to both New Castle County and Chester County. Through September 1, New Castle County reported 4,039 home sales while Chester County reported 4,539 home sales. Delaware County began the year with a greater sales rate than both counties but all have been relatively healthy.
As long as the economy does not fall off the rails again, we would expect to see consistent sales activity through the rest of 2015.
Long & Foster Real Estate Inc – Devon, PA/Wilmington, DE
Office: 610-225-7400/Direct: 610-618-0808
(All statistics per the TrendMLS system and believed accurate but not guaranteed)
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