The weather outside is getting colder, but the real estate market in Sussex County, Delaware is warming up. There were fifty closed real estate transactions in the past week, bringing the total for the year to 2,616. Here is the breakdown per type.
Single - 1,422 (compared to 1,400 on 11/10)
Condo / Town Home - 571 (compared to 556 on 11/10)
Mobile - 259 (compared to 250 on 11/10)
Multi - 4 (compared to 4 on 11/10)
Lots / Land - 298 (compared to 294 on 11/10)
Farms - 7 (compared to 7 on 11/10)
Commercial - 55 (compared to 55 on 11/10)
The total closed real estate transactions totaled 2,616 for the year thus far. The average list price, as of October 31, 2008, was $374,225, and the average sales price was $348,199. Listings have been selling at 93% of list price, and have been averaging 190 days on the market.
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