Delaware real estate stays hot through the first quarter of this year. According to the Delaware Association of Realtors, single family homes in Sussex County are selling for 15% more than the year before, and the number of days homes stay on the market dropped 30%.
Overall, the total number of sales across Delaware has remained the same year over year, which DAR president Bayard Williams says could be the result of higher closing costs enacted by the DE general assembly last year.
There is one odd spot in the state: in Kent County, sales prices for condos and townhomes were cut in half. At this time last year, the average condo/townhome in Kent sold for $122,000 this year, its down to $58,000.