Embark on a journey through the inviting real estate landscape of Delaware, Ohio, where a rich tapestry of history meets the promise of a dynamic future. In this blog post, we’ll explore the key housing statistics and market trends that paint a vivid picture of Delaware—a city that beckons homebuyers and sellers alike with its diverse offerings and timeless appeal.
**1. Inventory Harmony:**
Delaware showcases a harmonious real estate inventory with 1.55 months, creating a market where properties are accessible, catering to the needs of both eager buyers and savvy sellers. This balance ensures an engaging environment for all involved.
**2. Pricing Precision and Consistency:**
Experience pricing precision and consistency in Delaware with an impressive 98.4% list-to-sold price ratio. This reflects a market where properties are valued accurately, creating a fair and competitive arena for buyers and sellers to navigate.
**3. November’s Flourish:**
November witnessed a flourish of activity in Delaware with a remarkable 74 new listings entering the market. The median new listing price of $444,950 showcases the city’s commitment to providing diverse and appealing housing options that capture the essence of the community.
**4. Active Listings Snapshot:**
Delaware offers an extensive selection with 114 active listings in November. The median active listing price is $494,900, reflecting the city’s dedication to providing a range of housing options that cater to various preferences and budgets.
**5. Efficient Transactions and Market Activity:**
Properties in Delaware move efficiently, with an average of just 50 days on the market. November saw 70 properties successfully changing hands on the market, with a median sold price of $424,450. Additionally, 5 properties were sold off-market, boasting a median price of $650,000.
**6. Value Appreciation:**
The estimated property value in Delaware stands at $393,690, showcasing a resilient market with a positive 0.3% change from the previous month and a steady 3% increase from the same period last year. This growth underscores Delaware’s enduring charm and potential for continued value appreciation.
Delaware, Ohio, emerges as a city where history and progress converge in the real estate realm. Whether you’re captivated by the new listings, the efficient transactions, or the potential for value appreciation, Delaware invites you to experience a dynamic and appealing real estate environment.