Patterson-Schwartz Real EstateMarket Update - A Local Perspective
New Castle County, DENew Castle County has experienced a 2% year-over-year decrease in the number of sold homes and a 7% decrease in the median price of sold homes, from $214,900 to $199,900. The number of homes that went under contract during the first nine months of 2011 increased 5% from this time last year.
Kent County, DE
For the first nine months of 2011, Kent County experienced a 11% year-over-year decrease in the number of sold homes and a decrease in the median sales price of 11%; from $190,000 to $170,000. The number of homes that went under contract during the first nine months of 2011 decreased 3% from this time last year.
Southern Chester County, PA
Southern Chester County has experienced an 9% year-over-year decrease in the number of sold homes and a decrease in the median sales price of 5%; from $335,000 to $317,480. The number of homes that went under contract during the first nine months of 2011 decreased 8% from this time last year.
Cecil County, MD
For the first nine months of 2011, Cecil Countyexperienced a 3% year-over-year decrease in the number of sold homes and a decrease in the median sales price of 7%; from $215,000 to $200,000. The number of homes that went under contract during the first nine months of 2011 decreased 2% from this time last year.
Reports are based on data supplied by TREND MLS (DE/PA) and/or MRIS MLS (MD). TREND and/or MRIS do not guarantee nor are 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 10/10/2011.