The Long & Foster Market Minute
Focus On: Sussex County Housing Market July 2015
Units Sold
349
Active Inventory
3,476
Median Sale Price
$262,741
Days On Market
146
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 10%
Vs. Year Ago
Down -17%
Vs. Year Ago
Up 13%
Vs. Year Ago
Up 7%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in July, with 349 sold this month in Sussex County Real Estate versus 354 last month, a decrease of 1%. This month's total units sold was higher than at this time last year, an increase of 10% versus July 2014.

Click here to compare the units sold of this area against other locations.
Active Inventory
Versus last year, the total number of homes available this month is lower by 721 units or 17%. The total number of active inventory this July was 3476 compared to 4,197 in July 2014. This month's supply remained stable as compared to last month.

Click here to compare the active inventory of this area against other locations.
Median Sale Price
Last July, the median sale price for Sussex County Homes was $231,500. This July, the median sale price was $262,741, an increase of 13% or $31,241 compared to last year. The current median sold price is 1% higher than in June.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

Click here to compare the median sale price of this area against other locations.
New Listings
538
Current Contracts
404
Sold Vs. List Price
96.9%
Months of Supply
10.0
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 7%
Vs. Year Ago
Up 23%
Vs. Year Ago
No Change
Vs. Year Ago
Down -25%
Vs. Year Ago
Months of Supply
In July, there was 10.0 months of supply available in Sussex County, compared to 13.2 in July 2014. That is a decrease of 25% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts
This month there were 538 homes newly listed for sale in Sussex County compared to 502 in July 2014, an increase of 7%. There were 404 current contracts pending sale this July compared to 329 a year ago. The number of current contracts is 23% higher than last July.

Click here to compare the new listings of this area against other locations.

Click here to compare the current contracts of this area against other locations.
Sale Price to List Price Ratio
In July, the average sale price in Sussex County was 96.9% of the average list price, which is similar compared to a year ago.

Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market
This month, the average number of days on market was 146, higher than the average last year, which was 137, an increase of 7%.

Click here to compare the days on market of this area against other locations.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by SCAOR and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of SCAOR or Long & Foster Real Estate, Inc.