Home Prices in Bear DE May 2013
Real Estate Market Data for Bear Delaware provided by Sean Casey of Patterson-Schwartz
Bear Delaware is a great place to live, close to major commuting routes, parks and shopping. For more information on Bear DE, visit my Bear Delaware page.
Bear Home prices
In May, the number of new listings increased by over 5%. For the year, listings are up 4.5%, which is good for anyone buying a home in Bear Delaware.
If you are looking to buy a home in Bear Delaware, deals are available in the market but you need a great real estate agent. Don’t wait on the sidelines too long though, as listings priced right are moving very quickly. Home prices are affected by rising interest rates and other outside forces.
As you can see, listings are selling almost 30% faster in May than last year. For the year so far, listings are selling over 20% faster. Make sure you have an agent who will give you a thorough market analysis when you buy your home, if you want to get the best market price.
Bear Real Estate Report Summary
The Median Sales price in May is up just .6% to $228,900 in Bear DE, and pending sales are up over 15% in May. Closed Sales are also up 25% in May.
Year to Date the Median Sales price is $214,000, and down 2.7%. However closed sales are up over 20%. Pending sales are also up over 10%.
Overall, home prices in Bear DE are slightly down, but the market is strong.
Find Homes for Sale in Bear DE
Please visit my webpage to find homes for sale in Bear Delaware or for notification when Bear Delaware homes become available.
If you are a Bear homeowner and want to find out what your home is worth in the current market, please email or call 302-733-7020 or fill out a request for a CMA form here.