Slower Spring Real Estate Market in Bayside, Rising Inventory

Happy Spring! As we look back on the first 4 months of the year, real estate sales in Bayside were much slower when compared to 2024.

As the chart illustrates, the number of properties sold in Bayside through April was down 48% and sales volume was down 42%. The median sale price was down 8% when compared to the same time period last year. Some good news is that most properties that sold went under contract in less than one week as 6 was the median days to contract. Inventory has risen 183% in Bayside with 34 properties for sale.   It is important to note that we are still far below pre-pandemic levels when it was common to have more than 40 properties available for sale in Bayside, plus new construction opportunities.

If we can offer you any real estate guidance as a buyer or seller in Bayside or the greater Selbyville area, please call our Bayside Experts, Wayne Lyons (302) 858-7347 and Kiki Hargrove (302) 569-2959