The Long & Foster Market Minute
Focus On: Delaware County Housing Market June 2015
Units Sold
746
Active Inventory
3,279
Median Sale Price
$230,000
Days On Market
63
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 13%
Vs. Year Ago
Down -5%
Vs. Year Ago
No Change
Vs. Year Ago
Down -2%
Vs. Year Ago
Units Sold
There was an increase in total units sold in June, with 746 sold this month in Delaware County Real Estate versus 565 last month, an increase of 32%. This month's total units sold was higher than at this time last year, an increase of 13% versus June 2014.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 185 units or 5%. The total number of active inventory this June was 3,279 compared to 3,464 in June 2014. This month's total of 3,279 is higher than the previous month's total supply of available inventory of 3,182, an increase of 3%.

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Median Sale Price
Last June, the median sale price for Delaware County Homes was $230,000. This June, the median sale price was $230,000, which is similar compared to a year ago. The current median sold price is 10% 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
958
Current Contracts
493
Sold Vs. List Price
96.9%
Months of Supply
4.4
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 3%
Vs. Year Ago
Down -9%
Vs. Year Ago
No Change
Vs. Year Ago
Down -16%
Vs. Year Ago
Months of Supply
In June, there was 4.4 months of supply available in Delaware County, compared to 5.3 in June 2014. That is a decrease of 17% 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 958 homes newly listed for sale in Delaware County compared to 928 in June 2014, an increase of 3%. There were 493 current contracts pending sale this June compared to 542 a year ago. The number of current contracts is 9% lower than last June.

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Sale Price to List Price Ratio
In June, the average sale price in Delaware County was 96.9% 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 64, a decrease of 2%.

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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.