While real estate activity in North Bethany was relatively flat through this past May, we experienced an inventory deficit and a slowdown in activity this summer. In June and July, 3 properties went under contract in North Bethany, compared to 8 during the same period last year.

As the chart illustrates, total sales are down 5% year-to-date, while sales volume is down 36%.  Inventory is down 29% compared to the same time last year, and properties are staying on the market longer, with 25 days as the median days-to-contract.

So far this year, our group has participated in more than 43% of single-family home sales in North Bethany. If we can provide you with any real estate guidance as a buyer or seller, please give us a call.

Leslie Kopp     

While real estate activity in Bethany Beach was slower to start early in the year, we experienced a notable rise in activity in April, and sales have remained steady so far this summer. In June and July, 35 properties went under contract in Bethany Beach, compared to 31 during the same period last year.

As the chart illustrates, total sales in Bethany Beach are up 8% year-to-date. Single-family home sales are up 46%, while condo/townhome sales are down 17%. Inventory is somewhat lower compared to the same time last year, and properties are staying on the market longer, with 19 days as the median days-to-contract.  

So far this year, our group has participated in 30% of property sales in Bethany Beach. If we can provide you with any real estate