During the first quarter of the year, we continued to experience high buyer demand as we navigate historically low inventory.
As the chart illustrates, total sales were down 9% when compared to the first quarter of last year while sales volume was down 17%. The chart shows some slowing in the pace of sales with the average days-to-contract at 54 days. However, there was a noticeable increase in the pace of sales during the month of March as 4 properties went under contract in Bear Trap and the average days-to-contract was 17 days.
If you are considering a sale or purchase, our Bear Trap Expert, Gail Phelan, has experience and market knowledge that is unmatched. Please give her a call (302) 541-5207.
*Data was derived from the Sussex…