The Long & Foster Market Minute
Focus On: Delaware County Housing Market July 2015
Units Sold
670
Active Inventory
3,265
Median Sale Price
$235,000
Days On Market
59
Small Units Sold Small Active Inventory Small Median Sale Price Small Days on Market
Up 17%
Vs. Year Ago
Down -6%
Vs. Year Ago
Up 5%
Vs. Year Ago
Down -11%
Vs. Year Ago
Units Sold
There was a decrease in total units sold in July, with 670 sold this month in Delaware County Real Estate versus 763 last month, a decrease of 12%. This month's total units sold was higher than at this time last year, an increase of 17% versus July 2014.

Click here to compare the units sold of this area against other locations.
Active Inventory
Versus last year, the total number of homes available this month is lower by 211 units or 6%. The total number of active inventory this July was 3265 compared to 3,476 in July 2014. This month's supply remained stable as compared to last month.

Click here to compare the active inventory of this area against other locations.
Median Sale Price
Last July, the median sale price for Delaware County Homes was $223,750. This July, the median sale price was $235,000, an increase of 5% or $11,250 compared to last year. The current median sold price is 2% higher than in June.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

Click here to compare the median sale price of this area against other locations.
New Listings
858
Current Contracts
445
Sold Vs. List Price
97.0%
Months of Supply
4.9
Small New Listings Small Current Contracts Small Sold vs. List Price Small Months of Supply
No Change
Vs. Year Ago
Down -11%
Vs. Year Ago
Up 0.9%
Vs. Year Ago
Down -20%
Vs. Year Ago
Months of Supply
In July, there was 4.9 months of supply available in Delaware County, compared to 6.1 in July 2014. That is a decrease of 20% 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.

Click here to compare the months of supply of this area against other locations.
New Listings & Current Contracts
This month there were 858 homes newly listed for sale in Delaware County, which is similar to the amount in July 2014. There were 445 current contracts pending sale this July compared to 501 a year ago. The number of current contracts is 11% lower than last July.

Click here to compare the new listings of this area against other locations.

Click here to compare the current contracts of this area against other locations.
Sale Price to List Price Ratio
In July, the average sale price in Delaware County was 97.0% of the average list price, which is 0.9% higher than at this time last year.

Click here to compare the sale price to list price ratio of this area against other locations.
Days on Market
This month, the average number of days on market was 59, lower than the average last year, which was 66, a decrease of 11%.

Click here to compare the days on market of this area against other locations.
*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.