Delaware County PA Sales Update

Real Estate Agent with Long & Foster Real Estate, Inc

The home sales rate in the Delaware County Pennsylvania real estate market continues to be constrained by a very low inventory.

The 2023 Delaware County PA home sales rate appears to be reduced due to a very low inventory. Active inventory has continued to fall on a yearly basis for the last five years. Even though home sales activity year to date has fallen 27%, inventory has fallen an additional 16% rather than rising as would be expected. 

Delaware County Home Sales Activity as of June 15 by year:

Year Active Pending Sold thru 6/15
2023 522 624 2241
2022 610 968 3070
2021 650 1298 3090
2020 986 720 2249
2019 1416 1026 2675
2018 1839 1306 2841
2013 3322 949 2583

(All statistics per the BrightMLS System and believed accurate but not guaranteed)

Compared to the pre-Covid rate 5 years ago in 2018, the numbers are even more dramatic. Sold homes have fallen by 21% while active inventory has fallen by 71%. Compared to 10 years ago, the active inventory has fallen by over 80%.

After years of unusually low interest rates, it appears that many potential home sellers either cannot afford to or do not want to give up their very low rates. Even if they would like to move, with inventories this low, many cannot find a suitable new home to buy. Despite the higher interest rates, it remains a sellers market in most areas throughout the county.

For more details about sales in 2022, check out the 2022 Delaware County summary:

As always, if you have any questions, please do not hesitate to contact me anytime.


David Henke
Long & Foster Real Estate, Inc
Devon PA / Wilmington DE
Office:610-225-7400 / Direct:610-618-0808

(All statistics per the BrightMLS System and believed accurate but not guaranteed)

Comments (5)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em:


Thank you for the sales report.  Great to follow other markets.  Have a great and relaxing Sunday. the new week starts tomorrow.

Bill Salvatore with Arizona Elite Properties 

Jun 25, 2023 11:40 AM
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will appreciate your local real estate reports.

Have a productive summer.

Jun 25, 2023 11:43 AM
David Henke
Long & Foster Real Estate, Inc - Newtown Square, PA
Realtor, Homes Just West of Philadelphia PA

Bill, Roy - Thank you for your comments. This is a great area - we just could use some more properties on the market!

Jun 25, 2023 11:50 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

David Henke this is good information for both Buyers and Sellers in your area.

Jun 25, 2023 04:19 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

David Henke thanks for the market  update!  I love reading about what is going on in the Delaware County PA area

Jun 25, 2023 06:19 PM