Newark Delaware 19713 Real Estate Market August 2011
Newark Delaware 19713
This is the market report for Newark, DE for August 2011. It covers single family homes in the Newark Delaware 19713 real estate market. All data is from the Trend MLS.
In August 2011, Newark had 24 closings at a median sale price of $159,500.
In August 2010, Newark had 17 closings at a median sale price of $200,000.
In August 2011 for the year to date, Newark had 153 closings at a median sale price of $156,000.
In August 2010, Newark had 170 closings at a median sale price of $185,000.
Volume is holding steady, but price continues the downward trend of previous periods this year.
Currently, there are 34 homes under contract at an average asking price of $$173,082 in the Newark Delaware 19713 real estate market. This shows that pending prices are are strong, and we should expect volume to remain steady as the autumn approaches.
There are 123 active listings at a median asking price of $205,844. We are actually down to under a year’s worth of inventory at this rate (8 months), and while buyers do have lots of choices, sellers have gained some ground. It remains a buyer’s market, but not as severe as it was earlier this year.
Since inventory is down & prices significantly down with volume are slightly down it suggests that we may continue to see a slight decline.