Inventory on the Rise, Spring Market Firm in North Bethany

Happy Spring! As we look back on the first 4 months of the year, sales in North Bethany were firm when compared to 2024. However, with 14 properties currently for sale, inventory has nearly tripled in the last year. It is important to note that we are still far below pre-pandemic levels when it was common to have between 30 and 40 properties available for sale in North Bethany.     

As the chart illustrates, sales activity is up 11% so far this year when compared to the first 4 months of 2024 and sales volume down is 4%. Properties are taking longer to sell with 38 days as the median days-to-contract vs. 16 days last year. The median sale price is up 30%. This is reflective of the location and types of properties sold, not necessarily appreciation in values.

If we can offer you any real estate guidance as a buyer or seller in Bethany Beach, please give us a call: (302) 541-5207