Continuation of Seller’s Market at the Beach

This is the time of year when we calculate absorption rates in order to understand whether we are trending in the direction of a buyer’s or seller’s market at the beach. We compare the pace of sales over the previous 12 months to determine how many Months Supply of Inventory is for sale.

Generally, a balanced market would have 7 months of inventory, more would be a buyer’s market and less a seller’s market. At this time last year, all areas were still in a seller’s market, but clearly the market had started to shift. We continue to stay just under a balanced market due to limited inventory and it remains an excellent time to be a Seller!      

If you would like to discuss the market in more detail as it relates to your property, please give us a call.

Leslie Kopp                          Christi Arndt                               
(302) 542-3917                      (302) 245-5223                                        

Data was derived from the Sussex County MLS on July 1, 2023. Includes properties in North Bethany, South Bethany, Fenwick Island and Bethany Beach. It may not reflect all activity in the marketplace.