Low Inventory Keeps Sea Colony Market Firm
Posted by Leslie Kopp & Christi Arndt on Thursday, August 25th, 2022 at 11:11am
We hope you are having a wonderful summer! Its is hard to believe we are well into August already!
While total sales are down year-to-date in Sea Colony, the real estate market remains firm. In fact, the median price on the East is up 24% and up 18% on the West when compared to the first 7 months of last year. The median days to contract is still under one week and while there has been a slight rise in inventory, it is still at record lows.
As always, if we can offer you any real estate guidance, please call our Sea Colony Experts:Gail Phelan: 302-233-4909 and Chris Housman: 302-853-0192.
*Data was derived from the Sussex County MLS. Includes properties in Sea Colony. May not reflect all activity in the marketplace.
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