Delaware Home Values

Home Prices: What Happened in 2020? What Will Happen This Year?

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The real estate market was on fire during the second half of 2020. In Sussex County, 2020 was a near-record fiscal year for building-related revenue.

Buyer demand was way up and the supply of homes available for sale hit record lows. The price of anything is determined by the supply and demand ratio, so home prices skyrocketed last [...]