Housing Market Report for Existing Homes — Dec 2008

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