In September, Delaware’s housing market saw active inventory rise 19 percent compared to last year, influenced by slower sales activity.
Homes spent an average of 42 days on the market, a 21 percent increase from September 2024.
Statewide, 1,177 homes were sold, a 3 percent year-over-year increase. The median listing price was $418,300, up 4 percent, while the median sales price dipped slightly to $388,083.
New listings were up just 3 percent, indicating that inventory growth is coming more from slower turnover than from a large increase in new homes entering the market.
National home sales figures will be released later this week
"Inventory is building, and buyers have more time and choices, but that does not always translate into better access to affordable homes," said Scott Farnan, president of the Delaware Association of Realtors. "This is a time when buyers and sellers alike benefit from working with a knowledgeable agent who understands how to navigate shifting conditions."
See infographic below: For county data, click here
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
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Don't Threaten. Threats of harming another person will not be tolerated.
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Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.