Low Inventory Keeps Bear Trap Market Firm

We hope you are having a wonderful summer, it is hard to believe we are well into August already!

While total sales are down year-to-date in Bear Trap, the real estate market remains firm. In fact, the median price for single family homes in Bear Trap is up 33% and 25% for condo/townhomes when compared to the first 7 months of last year. The median days to contract is just 5 days and while there has been a rise in inventory, it is still at record lows.

As always, if we can offer you any real estate guidance, please call our Bear Trap Expert: Gail Phelan: 302-233-4909.

*Data was derived from the Sussex County MLS. Includes Single Family and Condo/Townhome properties in Bear Trap Dunes. May not reflect all market activity .