New Castle County Delaware Real Estate Market August 2011
New Castle County DE Real Estate
This is the market report for New Castle County DE for August 2011. It covers all homes in the New Castle County DE real estate market. All data is from the Trend MLS.
In August 2011, New Castle County had 426 closings at a median sale price of $204,450.
In August 2010, New Castle County had 345 closings at a median sale price of $220,000.
In August 2011 for the year to date, New Castle County had 2904 closings at a median sale price of $200,000.
In August 2010, New Castle County had 3079 closings at a median sale price of $215,000.
Volume is holding steady, but price continues the downward trend of previous periods this year.
There were 428 homes under contract at the end of August in the New Castle County Delaware real estate market. This shows that we should expect volume to remain steady as the autumn approaches.
There were 3518 active listings as of the end of August. We are actually down to under a year’s worth of inventory at this rate (just under 11 months), and while buyers still have lots of choices, sellers have slowed their slide. It remains a buyer’s market, but not at the levels of earlier this year.
Since inventory is only down slightly & prices significantly down. it suggests that we may continue to see a declining market in the near future.
This report is on the New Castle County DE Real Estate Market.