Summer Buyer Activity Slower in South Bethany

While real estate activity in South Bethany was relatively flat through May when compared to last year, we experienced a slight slowdown in June and July. During those months, 3 properties went under contract in South Bethany, compared to 6 in June and July of last year.

As the chart illustrates, sales are down 22% year-to-date, while sales volume in dollars is down 21%. Inventory is up 50% compared to the same time last year, creating increased competition for sellers. Meanwhile, properties continue to sell quickly, with 12 days as the median days-to-contract.

So far this year, our group has participated in more than 80% of property sales in South Bethany. If we can provide you with any real estate guidance as a buyer or seller, please give us a call.

Leslie Kopp                                  Christi Arndt   
(302) 541-5207                             (302) 245-5223