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Record Low Home Inventory in New Castle County

Saturday, February 29, 2020   /   by Rachel Parsons

Record Low Home Inventory in New Castle County

It's a seller's market - but how does that benefit current homeowners too? 
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New Castle County is experiencing record-low home inventory. Year over year, there were 36% fewer homes available for sale at the end of Quarter 4, and that number has continued to increase at the start of 2020. As a result, more sellers are benefiting from fewer days on market, multiple offers, and higher sale prices.

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Southeastern Pennsylvania is experiencing similar trends, as inventory continues to fall at the start of 2020. This doesn't just benefit sellers - current homeowners in these areas can expect the value of their home to increase as comparable homes in their neighborhoods sell for more! 
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Wondering how much equity is already in your home? Considering selling but not sure if now is the right time?

Contact one of our local market experts for free home valuation with no obligation!
eXp Realty - Kat Geralis Home Team
Kat Geralis
1601 Concord Pike, Suite 88
Wilmington, DE 19803
302-575-1086

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which eXp Realty - Kat Geralis Home Team participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. © 2020 BRIGHT, All Rights Reserved Information Deemed Reliable But Not Guaranteed. Data last updated: October 1, 2020 11 AM.
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