The numbers are in for 2016 Real Estate market activity for Kent County Delaware. If we compare this to the report for New Castle County, just to the north, we find that new listings in Kent County are almost even with the previous year, where they were slightly down in New Castle County.
Also, closed sales were slightly higher in Kent, and pending sales had a big jump, where to the north, they were actually down slightly. Interestingly, while median sales prices were down to the south, they were up 7% in New Castle County. A similiarity is that percentage of original list price received was almost even in both counties. Single family detached inventory took a 14% hit to the north, and it was only down 4% in Kent County.
So as local wisdom goes, there are really different markets in our tiny state. It's not a market I serve, but Sussex, our third county at the extreme southern part of the state where all the beaches are, prices were also slightly down, while inventory was down almost 10%.
Puzzled about the real estate market in Delaware?
Contact Carolyn Roland, Your Older and Historic Homes Resource in Delaware and Southern Chester County, Pennsylvania