The Long & Foster Market Minute
Focus On: Delaware County Housing Market February 2015
Units Sold
295
Active Inventory
2,691
Median Sale Price
$166,125
Days On Market
97
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 13%
Vs. Year Ago
Down -3%
Vs. Year Ago
Down -1%
Vs. Year Ago
Up 14%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in February, with 295 sold this month in Delaware County Real Estate versus 349 last month, a decrease of 15%. This month's total units sold was higher than at this time last year, an increase of 13% versus February 2014.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 70 units or 3%. The total number of active inventory this February was 2,691 compared to 2,761 in February 2014. This month's total of 2,691 is higher than the previous month's total supply of available inventory of 2,608, an increase of 3%.

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Median Sale Price
Last February, the median sale price for Delaware County Homes was $167,600. This February, the median sale price was $166,125, a decrease of 1% or $1,475 compared to last year. The current median sold price is 14% lower than in January.

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
734
Current Contracts
379
Sold Vs. List Price
95.5%
Months of Supply
9.1
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 21%
Vs. Year Ago
No Change
Vs. Year Ago
No Change
Vs. Year Ago
Down -14%
Vs. Year Ago
Months of Supply
In February, there was 9.1 months of supply available in Delaware County, compared to 10.6 in February 2014. That is a decrease of 14% 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 734 homes newly listed for sale in Delaware County compared to 609 in February 2014, an increase of 21%. There were 379 current contracts pending sale this February, approximately the same as a year ago. The number of current contracts is also similar as compared to the previous month.

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Sale Price to List Price Ratio
In February, the average sale price in Delaware County was 95.5% 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 97, higher than the average last year, which was 85, an increase of 14%.

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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.