According to current market information in Sussex County Delaware, the Aug 2009 home sales are almost parallel to this time last year. In Aug, there were 43, 2-bedroom, 136, 3-bedroom, and 51, 4+-bedroom homes sold. Last August, there were 46, 2-bedroom, 134, 3-bedroom, and 58, 4+-bedrooms homes sold. The marked increase was in 3-bedroom home sales. The best news for sellers is the average number of days on the market dropped from 211 in Aug 08' to a current 176 days on the market. As in Kent County, 3-bedroom homes are outpacing the rest. The average sale price for 3-bedroom homes leaped from a Aug 08' price of $244,632, to a current average of $292,170, a $47,500, 19% increase over the previous year's sales price. The highest home price range (with the most sales) was in the $180,000 to $199,999 range with 19 homes selling. What does all this mean for you? If you are a seller in Sussex County with a 3-bedroom home and if it is priced well within the market, you can expect it will sell in reasonable period of time. It certainly appears the market is swinging back to a seller's market, inch by inch.
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