As in 2021, home sales in New Castle County Delaware are off to a fast start.
For the second year, home sales in New Castle County Delaware continue to be high but appear limited by the lack of active inventory. Active inventory is basically flat with 2021 but down 56% from 2020 and 77% from 2017.
Year-to-date sales dropped 13% from 2021, but are 10% higher than in 2017. Pending sales continue to drift lower, down 6% from 2021 and 20% from 2017.
Overall the home sale market in New Castle County continues to be very tight with very low inventory. Sales activity is down from 2021 but that may be a result of the limited inventory. Multiple offers, limited inspections, and cash offers continue to be common issues for buyers on many properties.
If you need any additional detailed information on your area, let me know.
David Henke
Long & Foster Real Estate Inc – Wilmington, DE/Devon, PA
Office: 610-225-7400/Direct: 610-618-0808
http://www.DelawarePAHomes.com
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