Real Estate Market Watch Newsletter For April 2021 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Active Listings/Current Inventory
As of the end of April, there were a total of 579 homes on the market, a decrease of 10% from the previous month s end inventory of 646.  This represents less than a 2-month s supply of inventory, with a current absorption rate of 357 homes sold per month thus far in 2021.  There were 527 new listings of single-family homes put on the market in April, with 72% of them going under contract by the month’s end.  Of the 579 homes on the market at month’s end, 46% of them are new construction homes.
Closed Sales
For the first four months of 2021, sales of single-family homes in Sussex County are up 22% from last year, with 1,428 homes sold compared to 1,173 for the first four months of 2020.  The areas with the largest increase were the Georgetown Area, up 67% and the Angola/Long Neck/Millsboro Area, up 47%.  The only area with a decrease is the Milford/Lincoln/Slaughter Beach Area, down 12%. ....

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