Sussex remains strongest home sales market

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Del homeFigures from multiple listing agencies showed a mixed performance in the home sale market in the first three months of this year. New Castle County appeared to be the weakest county in the region.

The figures from Patterson-Schwartz Real State indicated that New Castle County  saw a 12% decrease in the number of sold homes for the first quarter of 2014 compared to last year  and a 6% increase in the median price of sold homes  to $190,000. The number of homes that went under contract in the first quarter of the year decreased 13% from 2013

Neighboring Kent County matched New Castle’s rate of decline  in the number of sold homes compared to the first quarter of  2013, with an 11% increase in the median sales price from $165,000 to $183,900. The number of homes that went under contract in the first quarter of 2014 increased 10% from 2013.

Sussex County was the strongest market with a 3% increase in the number of sold homes compared to 2013 and a 0.6% dip  in the median sales price from $236,439 to $235,000. The number of homes that went under contract in the first quarter of 2014 decreased 4% from 2013.

Cecil County, Md. reported a 1% decrease in the number of sold homes compared to 2013 and an increase in the median sales price of 3%; from $175,900 to $180,990. The number of homes under contract in the first quarter of 2014 decreased 7% from 2013.

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