Spring Market Softer for Sea Colony

Happy Spring! As we look back on the first 4 months of the year, there was some slowing of activity in Sea Colony (especially on the West) when compared to 2024. As the chart illustrates, the number of properties sold was down 23% on the East and 63% on the West when compared to 2024. Sales volume was down 36%. Properties took about 4 weeks longer to sell as the median days to contract was 23 through April, compared to 8 days last year.

The median sale price increased on the East and stayed relatively flat on the West when compared to the same time period last year. While inventory has risen some with 22 properties currently for sale, it is still far below pre-pandemic levels when it was common to have 60 to 70 properties available for sale in Sea Colony. 

If we can offer you any real estate guidance as a buyer or seller of Sea Colony Real Estate, please give our Sea Colony Experts a call: Gail Phelan (302) 233-4909 and Chris Housman (302) 853-0192