Last month, we reported to you that after a 6-week slowdown due to COVID-19, activity was trending in a more positive direction and our group was negotiating several offers in early May. We are pleased to report that the pace of sales has continued to accelerate!
During May of 2020, more properties went under contract in the Bethany-Fenwick area in a single month than any other month recorded in our current multiple list system (which goes back to 2005). As the chart illustrates, a total of 55 properties were put under contract as both single family and condo/townhome sales far
exceeded 2019. There has been no slowdown with 21 additional sales in the first week of June alone.
Year-to-date, the market is now up compared to a strong 2019 and all factors point toward the continuation of this trend in the immediate future. If you are considering a sale or looking to purchase, now is an opportune time! Please give us a call.
*Data was derived from the Sussex County MLS. Includes contracts on properties in Bethany Beach, North Bethany, South Bethany & Fenwick Island. It may not reflect all activity in the marketplace.