The Long & Foster Market Minute
Focus On: Delaware County Housing Market June 2014
Units Sold
637
Active Inventory
3,321
Median Sale Price
$231,750
Days On Market
66
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Down -1%
Vs. Year Ago
Down -5%
Vs. Year Ago
No Change
Vs. Year Ago
Down -8%
Vs. Year Ago
Units Sold
There was an increase in total units sold in June, with 637 sold this month in Delaware County Real Estate versus 528 last month, an increase of 21%. This month's total units sold was lower than at this time last year, a decrease of 1% versus June 2013.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 165 units or 5%. The total number of active inventory this June was 3,321 compared to 3,486 in June 2013. This month's total of 3,321 is higher than the previous month's total supply of available inventory of 3,240, an increase of 3%.

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Median Sale Price
Last June, the median sale price for Delaware County Homes was $231,000. This June, the median sale price was $231,750, which is similar compared to a year ago. The current median sold price is 16% higher than in May.

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
915
Current Contracts
454
Sold Vs. List Price
97.3%
Months of Supply
5.2
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 11%
Vs. Year Ago
Down -8%
Vs. Year Ago
Up 2.2%
Vs. Year Ago
Down -4%
Vs. Year Ago
Months of Supply
In June, there was 5.2 months of supply available in Delaware County, compared to 5.4 in June 2013. That is a decrease of 4% 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 915 homes newly listed for sale in Delaware County compared to 824 in June 2013, an increase of 11%. There were 454 current contracts pending sale this June compared to 494 a year ago. The number of current contracts is 8% lower than last June.

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Sale Price to List Price Ratio
In June, the average sale price in Delaware County was 97.3% of the average list price, which is 2.1% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 66, lower than the average last year, which was 72, a decrease of 8%.

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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.