First Quarter 2013 Market Watch
New Castle County Active Listings: For the first quarter 2013, there was a total of 2,128 properties actively on the market.
New Castle County Closed Listings: There were 1,060 properties that closed in the past 3 months. The average sold price is $201,735 and the average time on market is 102 days.
Current as of April 10, 2013. All data from TREND. Powered by 10K Research and Marketing.
Absorption Rate/Supply: The current month supply of homes on the market is defined as the ratio of the current inventory of active listings compared to sales. In other words, given recent sales activity, one can estimate how long it would take for the entire inventory of active listings to sell, assuming no new listings were to appear on the market. At the present time it will take about four and a half months to sell all of the current active listings, without adding any new homes for sale.
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Katina Geralis
Wilmington, DE Real Estate Expert
Keller Williams Realty
Wilmington Real Estate
Wilmington Homes for Sale
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