Home Prices in Newark DE May 2013
Real Estate Market Data for Newark Delaware provided by Sean Casey of Patterson-Schwartz
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Newark Home prices
In May, the number of new listings was up over 20%. For the year though listings are down over 4%. 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 Newark Delaware when you are looking to buy a home.
If you are looking to buy a home in Newark Delaware, you can still find a deal but having a good real estate agent who understands the market is a priority. Home listings that are priced right are selling quickly. Home prices can be affected by rising interest rates and other outside forces. They are especially affected by economic conditions.
As you can see, listings are selling almost 30% faster this month and over 10% faster for the year. Listings aren’t selling for full price though, so you will want to have an agent that does a thorough market analysis of the home you are interested in purchasing.
Newark Real Estate Report Summary
The Median Sales price in May is up 7.1% to $188,000 in Newark DE.
Year to Date the Median Sales price is $182,500, and up over 7.4%. Unfortunately sales both pending and closed are down slightly for the month. For the year sales are up in Newark Delaware.
Please visit my webpage to find homes for sale in Newark DE or to be notified when Newark Delaware homes come on the market.