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1st Quarter Housing Sales in Coastal Delaware

How's the real estate market in 2011 here in Coastal Delaware? I had a great conversation this afternoon with Gail Alm at Fairway Independent Mortgage and she shared the following news with me:

  • Single Family home sales increased by 11% ($) in the 1st quarter of 2011 compared to the 1st quarter of 2010
  • Sales of single family homes in the 1st quarter increased by 9% (units) over the same period last year
  • Overall, real estate sales of all types increased by 8%

Sussex County, Delaware, is up significantly while the other two counties in Delaware - Kent and New Castle - both decreased. Most of the rest of the country is down. This despite the fact that there is no tax credit like there was in the 1st quarter of 2010.

At least now I know why we've been so busy! The market here is happening.

 

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