Delaware’s housing market in November 2023 saw a sharp rise in new listings.
According to the Delaware Association of Realtors (DAR) listings were up by 18% and indicates that potential buyers able to deal with higher interest rates, will have more choices.
While more homes have gone on the market, home prices continued to increase, with a 6.56% increase in median listed prices and a 2.31% increase in median sold prices, the real estate organization reported.
| New Listings | Units Sold | Median Listed Price | Median Sold Price | |
| November, 2023 | ||||
| New Castle County | 485 | 431 | $339,900.00 | $350,000.00 |
| Kent County | 223 | 169 | $349,000.00 | $325,000.00 |
| Sussex County | 602 | 456 | $449,000.00 | $429,995.00 |
| Statewide Total | 1310 | 1056 | $379,300.00 | $368,331.67 |
| November, 2022 | ||||
| New Castle County | 463 | 466 | $309,900.00 | $330,000.00 |
| Kent County | 199 | 173 | $300,000.00 | $310,000.00 |
| Sussex County | 449 | 420 | $457,900.00 | $440,000.00 |
| Statewide Total | 1111 | 1059 | $355,933.33 | $360,000.00 |
Pending sales also saw a uptick, increasing by 9%, while active inventory expanded by 4%.
At the same time, average days homes remained on the market increased by 15%. The number of days homes remained on the market in New Castle County was three weeks, with that figure rising to more than a month in Kent and Sussex counties.
“In summary, November 2023’s housing data paints a picture of a robust and adaptive Delaware housing market. The surge in listings, along with steady price growth, demonstrates the enduring value of Delaware homes. The Delaware real estate industry continues to evolve, ensuring that both buyers and sellers find ample opportunities and support,” a DAR release stated.
Additional 2023 county data and a larger version of the chart at top of this post is available on the DAR website.
