Monday, November 24, 2008

Sussex County, Delaware Home Sales - as of November 24, 2008

It is slow, but there is activity, albeit very little activity, but activity nonetheless! There were 39 new closed real estate transactions in the past week. Below is a break down of what sold.

Single Family - 1,443 (compared to 1,422 on 11/17)
Condo / Town home - 579 (compared to 579 on 11/17
Mobile - 264 (compared to 259 on 11/17)
Multi Family - 4 (compared to 4 on 11/17)
Lots / Land - 303 (compared to 298 on 11/17)
Farms - 7 (compared to 7 on 11/17)
Commercial - 55 (compared to 55 on 11/17)

The average list price, as of October 31, 2008, was $374,225. The average sales price was $348,199. Homes are selling at 93 % of list price, and are averaging 190 days on the market.

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