The figures are in, and 2016 for New Castle County, Delaware show a whole lot of caution was going on, with the public generally still hesitant to put their homes on the market. New listings were down 4%, but those who chose to list generally found this situation resulted in them getting a median sales price over 7% more than in 2015. Residential listings were down almost 13%, while single family detached inventory was down 14% over the previous year. Let’s hope the rising stock market will flow over to real estate.
And don’t forget what Franklin D. Roosevelt advised, “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”
Presented by Carolyn Roland, Your Older and Historic Homes Resource in Delaware and Southern Chester County, Pennsylvania.