Spring Market Firm in Sea Colony, Inventory on the Rise

Happy Spring! Last month, we shared with you that after many years of deficient inventory, we were starting to see properties coming on the market more frequently. As we start the month of May, this trend continues as inventory in Sea Colony has more than doubled when compared to the same time last year. Inventory is growing most significantly on the East. 

The real estate market remains firm in Sea Colony. As the chart illustrates, sales activity is up 79% so far this year when compared to the first 4 months of last year. Sales volume is up for both sides of the community. Prices remain stable on the West, but the market is showing some softening on the East. 

As always, if we can offer you any real estate guidance, please call our Sea Colony Real Estate Experts:

Gail Phelan                  Chris Housman
(302) 233-4909             (302) 853-0192

*Data was derived from the Sussex County MLS. Includes properties in Sea Colony. May not reflect all activity in the marketplace.