Well, the year has finally come to a close. And what a year it's been. We watched history be made with President-Elect Obama, have seen the stock market crumble, the financial giants fall to their knees, gas prices hit new high records, and the car moguls faltered on the brink of collapse. The real estate market fought hard to recover and regain in the shadow of the Housing Crisis Bailout, and we even saw multiple contracts, and homes sell for over list price. Here in Sussex County, Delaware, we saw the market fight hard, and hold fairly strong. There were 2,909 closed transactions for the year, with an average list price of $365,038, and an average sales price of $339,029. Homes were selling at 91% of list price and averaged about 191 days on the market. Below is a breakdown of what sold. But, before you scroll down, let us raise our glasses, virtually, to 2009! May it be a year of new beginnings and fresh starts. May it win the battle in the financial and real estate markets, and may we all benefit from it's efforts. Every cloud has a silver lining, and every negative becomes a positive. It may just be a hard hill to climb to get to the top. But we will get there.
Single Family - 1,584
Condo / Town Home - 624
Mobile - 283
Multi-Family - 5
Lots / Land - 343
Farms - 8
Commercial - 62
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