Delaware Real Estate Market Update for December 2013

The monthly update on the local real estate market in Wilmington, Chester, Cecil County Areas from John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware.

New Castle County, Delaware

New Castle County recorded a 3% increase in homes sold year over year.  The median home price of homes sold increased from $185,000 to $198,000 which is a 7% increase.  The total number of homes that went under contract to be sold in the first eleven months of 2013 increased by 4% from 2012.  This shows that the New Castle County Real Estate Market is a market that is experiencing an increase in home selling activity as well as an increase in the value of homes sold. Keep Reading...