Housing Market Report for Existing Homes -- Dec 2008

Delaware: Kent & New Castle Counties

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    Housing Market Report for Existing Homes- December 2008
    DE - Kent and New Castle
    Source:  Prudential Fox & Roach HomExpert Market Report

    The combined counties of Kent and New Castle in Delaware saw:

    Median Sale Price
    DOWN 7.3% from Dec ’08 to Dec ’07

    • $208,500 in December 2008
    • $224,950 in December 2007
    • $214,900 in November 2008
    • $226,500 in December 2006

    Homes Sold
    DOWN 16.3% from Dec ’08 to Dec’07
    • 937 in December 2008
    • 1,119 in December 2007
    • 1,563 in December 2006
    • 391 in November 2008

    Days on Market
    UP 18.6% from Dec ’08 to Dec ’07
    • Average 86 days in December 2008
    • Average 72 days in December 2007
    • Average 46 days in December 2006
    • Average 78 days in November 2008
    Inventory of Homes for Sale
    UP 1.5% from Dec ’08 to Dec ’07
    • 6,099 in December 2008
    • 6,009 in December 2007
    • 5,069 in December 2006