The Long & Foster Market Minute
Focus On: Delaware County Housing Market October 2014
Units Sold
474
Active Inventory
3,264
Median Sale Price
$190,000
Days On Market
76
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 2%
Vs. Year Ago
Down -2%
Vs. Year Ago
Down -3%
Vs. Year Ago
No Change
Vs. Year Ago
Units Sold
There was an increase in total units sold in October, with 474 sold this month in Delaware County Real Estate versus 466 last month, an increase of 2%. This month's total units sold was higher than at this time last year, an increase of 2% versus October 2013.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 70 units or 2%. The total number of active inventory this October was 3,264 compared to 3,334 in October 2013. This month's total of 3,264 is lower than the previous month's total supply of available inventory of 3,371, a decrease of 3%.

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Median Sale Price
Last October, the median sale price for Delaware County Homes was $196,000. This October, the median sale price was $190,000, a decrease of 3% or $6,000 compared to last year. The current median sold price is 7% higher than in September.

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
767
Current Contracts
412
Sold Vs. List Price
95.8%
Months of Supply
6.9
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Up 6%
Vs. Year Ago
Down -12%
Vs. Year Ago
No Change
Vs. Year Ago
Down -4%
Vs. Year Ago
Months of Supply
In October, there was 6.9 months of supply available in Delaware County, compared to 7.2 in October 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 767 homes newly listed for sale in Delaware County compared to 723 in October 2013, an increase of 6%. There were 412 current contracts pending sale this October compared to 468 a year ago. The number of current contracts is 12% lower than last October.

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Sale Price to List Price Ratio
In October, the average sale price in Delaware County was 95.8% 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 76, which is similar compared to a year ago.

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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.