During the first quarter of the year, we continued to experience high buyer demand as we navigate historically low inventory .
As the chart illustrates, total sales were down 4% through the first quarter when compared to 2022 and sales volume was flat. The chart shows some slowing in the pace of sales as the average was 44 days-to-contract versus 15 days last year. The median sale price of single family homes in the first quarter was $1,300,000 vs. $910,000 in 2022 and for condo/townhome properties, $650,000 vs. $640,000.
If you are considering a sale or purchase, the experience and market knowledge of Wayne Lyons (302) 858-7347 and Kiki Hargrove (302) 569-2959 is unmatched. Please give them a call!
*Data was derived from the Sussex County
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