Housing Market Report for Existing Homes -- Dec 2008

Delaware: Kent & New Castle Counties

Tuesday, Jan 27, 2009  |  Updated 2:25 AM EDT
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Housing Market Report for Existing Homes -- Dec 2008

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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

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