Market Conditions Remain Strong for Bear Trap Dunes Sellers in Q1

During the first quarter of the year, we continued to experience high buyer demand as we navigate historically low inventory.

As the chart illustrates, total sales were down 9% when compared to the first quarter of last year while sales volume was down 17%. The chart shows some slowing in the pace of sales with the average days-to-contract at 54 days. However, there was a noticeable increase in the pace of sales during the month of March as 4 properties went under contract in Bear Trap and the average days-to-contract was 17 days. 

If you are considering a sale or purchase, our Bear Trap Expert, Gail Phelan, has experience and market knowledge that is unmatched.   Please give her a call (302) 541-5207.

*Data was derived from the Sussex County MLS. Includes properties sold in Bear Trap Dunes. May not reflect all activity in the marketplace.