The Long & Foster Market Minute
Focus On: Delaware County Housing Market September 2014
Units Sold
453
Active Inventory
3,408
Median Sale Price
$180,000
Days On Market
81
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -6%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -10%
Vs. Year Ago
Down -11%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in September, with 453 sold this month in Delaware County Real Estate versus 544 last month, a decrease of 17%. This month's total units sold was lower than at this time last year, a decrease of 6% versus September 2013.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 40 units or 1%. The total number of active inventory this September was 3,408 compared to 3,448 in September 2013. This month's total of 3,408 is higher than the previous month's total supply of available inventory of 3,286, an increase of 4%.

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Median Sale Price
Last September, the median sale price for Delaware County Homes was $200,000. This September, the median sale price was $180,000, a decrease of 10% or $20,000 compared to last year. The current median sold price is 17% lower than in August.

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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New Listings
867
Current Contracts
367
Sold Vs. List Price
96.1%
Months of Supply
7.5
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 2%
Vs. Year Ago
Down -12%
Vs. Year Ago
No Change
Vs. Year Ago
Up 5%
Vs. Year Ago
Months of Supply
In September, there was 7.5 months of supply available in Delaware County, compared to 7.2 in September 2013. That is an increase of 5% 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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New Listings & Current Contracts
This month there were 867 homes newly listed for sale in Delaware County compared to 848 in September 2013, an increase of 2%. There were 367 current contracts pending sale this September compared to 418 a year ago. The number of current contracts is 12% lower than last September.

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Sale Price to List Price Ratio
In September, the average sale price in Delaware County was 96.1% of the average list price, which is similar compared to a year ago.

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Days on Market
This month, the average number of days on market was 81, lower than the average last year, which was 91, a decrease of 11%.

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*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 TReND 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 TReND or Long & Foster Real Estate, Inc.