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Middletown Home prices
In August, the number of new listings was flat. For the year listings are up 7.2%. 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 Middletown Delaware when you are looking to buy a home.
If you are looking to buy a home in Middletown 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 44.6% faster this month with days on market down to 67 and 2.5% 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.
Middletown Real Estate Market Report Summary
The Median Sales price in August is down 6.2% to $299,407 in Middletown DE. Pending Sales are down 17.1%. Closed Sales are down 20.7% for the month.
Year to Date the Median Sales price is $299,900, and up 4.2%. For the year closed sales are down 23.7% and pending sales are down 17.9% in Middletown Delaware.
Total Inventory is up 26.6% and Single Family detached home inventory is up 37.6%
Middletown Delaware Market Direction
As of August, there were 340 Active listings and 34 homes pended. That represents a 10.0 month supply of homes. That means this is a BUYERS MARKET. This is for all price ranges in Middletown 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 scasey@psre.com.
