This article in the Delaware Business Daily is worth sharing... writer Doug Rainey posted that Sussex remains strongest in the DE home sales market ahead of Kent and New Castle counties in Delaware.
Sussex Countywas the strongest market up3% in homes sold, while Kent and New Castle saw a 12% decrease in the number of sold homes for the Q1-2014.
The article goes onto say that figures from multiple listing agencies showeda mixed performance in the home sale market in the first three months of this year.
Sussex Countywas the strongest market with a3% increase in the number of sold homes compared to 2013 and a 0.6% dipin the median sales pricefrom $236,439 to $235,000. The number of homes that went under contractinthe first quarter of 2014decreased 4% from 2013.
Editors note: "This is good news for Coastal Delaware where sales of both new and existing homes have been very strong this year. Delaware doesn't get much coverage on the national news and the strong market in Sussex County never makes the headlines on CNBC.
These numbers reported to Doug may not tell the whole story however, since many new home sales are not reported through the multiple listing services. Tax records can take as much as 3 or more months to accurately reflect all transfers." Kathy Sperl-Bell, Broker
New Castle County appeared to be the weakest county with figures indicating that New Castle Countysaw a 12% decrease in the number of sold homes for the Q1-2014 compared to last yearand a 6% increase in the median price of sold homesto $190,000. The number of homes that went under contract inthe first quarter of the yeardecreased 13% from 2013.
Neighboring Kent County matched New Castles rate of declinein the number of sold homes compared to Q1-2013, with an11% increase in the median sales pricefrom $165,000 to $183,900. The number of homes that went under contractinQ1-2014increased 10% from 2013.
To read the entire article CLICK HERE or COPY and PASTE the following link into your browser. http://delawarebusinessdaily.com/2014/05/sussex-remains-strongest-home-sales-market