Sussex County Housing Market Data

There was an increase in total units sold in April, with 251 sold this month in Sussex County Real Estate versus 235 last month, an increase of 7%. This month's total units sold was higher than at this time last year, an increase of 9% versus April 2012.

Click here to compare the units sold of this area against other locations.

Versus last year, the total number of homes available this month is lower by 468 units or 11%. The total number of active inventory this April was 3,640 compared to 4,108 in April 2012. This month's total of 3,640 is higher than the previous month's total supply of available inventory of 3,529, an increase of 3%.

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Last April, the median sale price for Sussex County Homes was $253,750. This April, the median sale price was $238,000, a decrease of 6% or $15,750 compared to last year. The current median sold price is 3% lower than in March.

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

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In April, there was 14.5 months of supply available in Sussex County, compared to 17.9 in April 2012. That is a decrease of 19% 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.

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This month there were 580 homes newly listed for sale in Sussex County compared to 626 in April 2012, a decrease of 7%. There were 291 current contracts pending sale this April compared to 309 a year ago. The number of current contracts is 6% lower than last April.

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Click here to compare the current contracts of this area against other locations.

In April, the average sale price in Sussex County was 96.3% of the average list price, which is 2.8% higher than at this time last year.

Click here to compare the sale price to list price ratio of this area against other locations.

This month, the average number of days on market was 169, lower than the average last year, which was 242, a decrease of 30%.

Click here to compare the days on market of this area against other locations.




Focus On: Sussex County Housing Market			April 2013
Units Sold 251	Active Inventory 3,640	Median Sale Price $238,000	Days On Market 169

Up 9% Vs. Year Ago	Down -11% Vs. Year Ago	Down -6% Vs. Year Ago	Down -30% Vs. Year Ago

iCharts		Units Sold There was an increase in total units sold in April, with 251 sold this month in Sussex County Real Estate versus 235 last month, an increase of 7%. This month's total units sold was higher than at this time last year, an increase of 9% versus April 2012. 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 468 units or 11%. The total number of active inventory this April was 3,640 compared to 4,108 in April 2012. This month's total of 3,640 is higher than the previous month's total supply of available inventory of 3,529, an increase of 3%. Click here to compare the active inventory of this area against other locations.		iCharts
iCharts		Median Sale Price Last April, the median sale price for Sussex County Homes was $253,750. This April, the median sale price was $238,000, a decrease of 6% or $15,750 compared to last year. The current median sold price is 3% lower than in March. 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 580	Current Contracts 291	Sold Vs. List Price 96.3%	Months of Supply 14.5

Down -7% Vs. Year Ago	Down -6% Vs. Year Ago	Up 3% Vs. Year Ago	Down -19% Vs. Year Ago

iCharts		Months of Supply In April, there was 14.5 months of supply available in Sussex County, compared to 17.9 in April 2012. That is a decrease of 19% 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 580 homes newly listed for sale in Sussex County compared to 626 in April 2012, a decrease of 7%. There were 291 current contracts pending sale this April compared to 309 a year ago. The number of current contracts is 6% lower than last April. 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.		iCharts
iCharts		Sale Price to List Price Ratio In April, the average sale price in Sussex County was 96.3% of the average list price, which is 2.8% higher than at this time last year. 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 169, lower than the average last year, which was 242, a decrease of 30%. Click here to compare the days on market of this area against other locations.		iCharts



*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.
Information 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.