Patterson-Schwartz Real EstateMarket Update - A Local Perspective
New Castle County, DE
New Castle County experienced a 25.7% decrease in the number of sold homes for the eighth month of 2023 compared to 2022, and a 3.1% increase in the median sales price from $320,000 to $330,000. The number of homes that went under contract in the 8th month of 2023 decreased 25.2% from 2022.
Kent County, DE
For the 8th month of 2023, Kent County experienced a 16.7% decrease in the number of sold homes compared to 2022, and a 3.0% increase in the median sales price from $305,000 to $314,000. The number of homes that went under contract in the eighth month of 2023 decreased 18.4% from 2022.
Sussex County, DE
For the eighth month of 2023, Sussex County experienced a 15.7% decrease in the number of sold homes compared to 2022, and a 4.9% increase in the median sales price from $425,950 to to $447,000. The number of homes that went under contract in the 8th month of 2023 decreased 11.3% from 2022.
Southern Chester County, PA
Southern Chester County experienced a 20.6% decrease in the number of sold homes for the eighth month of 2023 compared to 2022, and a 2.9% increase in the median sales price from $515,000 to $529,950. The number of homes that went under contract in the 8th month of 2023 decreased 18.9% from 2022.
Cecil County, MD
For the 8th month of 2023, Cecil County experienced a 32.4% decrease in the number of sold homes compared to 2022, and an 8.1% increase in the median sales price from $309,950 to $335,000. The number of homes that went under contract in the eighth month of 2023 decreased 27.6% from 2022.
Reports are based on data supplied by Bright MLS. Bright MLS does not guarantee nor is responsible for its accuracy. Data maintained by an MLS may not reflect all real estate activities in the market. Information is deemed reliable but not guaranteed. Data is as of 9/8/2023.