Home Prices in Brandywine DE August 2014
Real Estate Market Data for Brandywine Delaware provided by Sean Casey Patterson-Schwartz
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Brandywine Home prices
In August, the number of new listings was up 8.7%. For the year listings are up 8%. This is great news for buyers as it indicates home owners are now moving back into the market. This gives you more listings to consider in Brandywine Delaware when you are looking to buy a home.
If you are looking to buy a home in Brandywine Delaware, you can still find a deal but having a good real estate agent who understands the market is a priority. Home listings priced right are selling quickly. Home prices sometimes are affected by rising interest rates and other outside forces. They are especially affected by economic conditions.
As you can see, listings are selling 19.4% faster this month with days on market down to 50 and 1.6% faster for the year. Listings aren’t selling for full price though, so you will want an agent that does a thorough market analysis of the home.
Brandywine DE Real Estate Market Report Summary
The Median Sales price in August is down 6.9% to $237,450 in Brandywine DE. Pending Sales are down 10.4%. Closed Sales are down 26.4% for the month.
Year to Date the Median Sales price is $249,900, and down .8%. For the year closed sales are down 6.4% and pending sales are down 6.1% in Brandywine Delaware.
Total Inventory is up 13.8% and Single Family detached home inventory is up 12.3%
Brandywine Delaware Market Direction
As of August, there were 457 Active listings and 69 homes pended. That represents a 6.6 month supply of homes. That means this is a NEUTRAL MARKET. This is for all price ranges in Brandywine Delaware. If you would like to know if your home is in a sellers or buyers market, you can contact me by phone at 302-733-7020 or by email at firstname.lastname@example.org.
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