The Delaware County PA real estate market continues to see rising sales with solid and slightly rising prices.
As we head aggressively into the 2018 Spring market in Delaware County PA, this is a good time to take a look at last year and the trends for 2018.
For the entire 2017 year throughout Delaware County, there were 10,391 properties listed for sale, 7,439 properties sold with an average sale price of $267,000, and homes were on the market an average of 59 days.
In 2016, there were 10,510 properties listed for sale, 7,012 homes sold with an average sale price of $258,000, and they were on the market for an average of 70 days. This indicates a 6% increase in sales and a 3.5% increase in average price from 2016 to 2017.
For more perspective, if you go back five years to 2012, there were 9,686 properties listed for sale, 5,083 properties sold with an average price of $253,000, and they were on the market an average of 93 days. Between 2012 and 2017 these numbers represent a 7% increase in listed properties, an average 5.6% increase in sales price, a 36% decrease in days on the market, and a solid 46% increase in sold properties.
These are average numbers for the county and individual townships vary quite a bit, but these numbers demonstrate the increasing strength throughout the area. We have continued to see strength through the beginning of 2018 and expect if to continue through the Spring 2018 market.
Long & Foster Real Estate Inc – Devon, PA/Wilmington, DE
Office: 610-225-7400/Direct: 610-618-0808
(All statistics per the TrendMLS System and believed accurate but not guaranteed)