The Long & Foster Market Minute
Focus On: Delaware County Housing Market August 2014
Units Sold
537
Active Inventory
3,290
Median Sale Price
$218,000
Days On Market
63
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -7%
Vs. Year Ago
Down -1%
Vs. Year Ago
Down -4%
Vs. Year Ago
Down -15%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in August, with 537 sold this month in Delaware County Real Estate versus 571 last month, a decrease of 6%. This month's total units sold was lower than at this time last year, a decrease of 7% versus August 2013.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 45 units or 1%. The total number of active inventory this August was 3290 compared to 3,335 in August 2013. This month's supply remained stable as compared to last month.

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Median Sale Price
Last August, the median sale price for Delaware County Homes was $226,000. This August, the median sale price was $218,000, a decrease of 4% or $8,000 compared to last year. The current median sold price is 3% lower than in July.

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
749
Current Contracts
365
Sold Vs. List Price
96.4%
Months of Supply
6.1
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 12%
Vs. Year Ago
Down -25%
Vs. Year Ago
No Change
Vs. Year Ago
Up 7%
Vs. Year Ago
Months of Supply
In August, there was 6.1 months of supply available in Delaware County, compared to 5.8 in August 2013. That is an increase of 7% 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 749 homes newly listed for sale in Delaware County compared to 670 in August 2013, an increase of 12%. There were 365 current contracts pending sale this August compared to 487 a year ago. The number of current contracts is 25% lower than last August.

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Sale Price to List Price Ratio
In August, the average sale price in Delaware County was 96.4% 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 63, lower than the average last year, which was 74, a decrease of 15%.

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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.