The Long & Foster Market Minute
Focus On: Delaware County Housing Market January 2015
Units Sold
346
Active Inventory
2,585
Median Sale Price
$194,500
Days On Market
84
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 18%
Vs. Year Ago
Down -6%
Vs. Year Ago
Up 5%
Vs. Year Ago
Up 6%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in January, with 346 sold this month in Delaware County Real Estate versus 477 last month, a decrease of 27%. This month's total units sold was higher than at this time last year, an increase of 18% versus January 2014.

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Active Inventory
Versus last year, the total number of homes available this month is lower by 163 units or 6%. The total number of active inventory this January was 2,585 compared to 2,748 in January 2014. This month's total of 2,585 is lower than the previous month's total supply of available inventory of 2,631, a decrease of 2%.

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Median Sale Price
Last January, the median sale price for Delaware County Homes was $185,000. This January, the median sale price was $194,500, an increase of 5% or $9,500 compared to last year. The current median sold price is 5% higher than in December.

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
580
Current Contracts
332
Sold Vs. List Price
97.0%
Months of Supply
7.5
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
Down -7%
Vs. Year Ago
Down -9%
Vs. Year Ago
Up 2.5%
Vs. Year Ago
Down -21%
Vs. Year Ago
Months of Supply
In January, there was 7.5 months of supply available in Delaware County, compared to 9.4 in January 2014. That is a decrease of 21% 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 580 homes newly listed for sale in Delaware County compared to 625 in January 2014, a decrease of 7%. There were 332 current contracts pending sale this January compared to 365 a year ago. The number of current contracts is 9% lower than last January.

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Sale Price to List Price Ratio
In January, the average sale price in Delaware County was 97.0% of the average list price, which is 2.4% higher than at this time last year.

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Days on Market
This month, the average number of days on market was 84, higher than the average last year, which was 79, an increase of 6%.

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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.