The Long & Foster Market Minute

Focus On: Felton, Camden Wyoming, and Southern Kent County Housing Market March 2021

Zip Code(s): 19934, 19962, 19952, 19946, 19954, 19979, 19980 and 19943
Units Sold
70
Active Inventory
65
Median Sale Price
$297,500
Days On Market
20
Down -10%
Vs. Year Ago
Down -68%
Vs. Year Ago
Up 26%
Vs. Year Ago
Down -66%
Vs. Year Ago

Units Sold
There was an increase in total units sold in March, with 70 sold this month in Felton, Camden Wyoming, and Southern Kent County Real Estate versus 61 last month, an increase of 15%. This month's total units sold was lower than at this time last year, a decrease of 10% versus March 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 141 units or 68%. The total number of active inventory this March was 65 compared to 206 in March 2020. This month's total of 65 is lower than the previous month's total supply of available inventory of 99, a decrease of 34%.

Median Sale Price
Last March, the median sale price for Felton, Camden Wyoming, and Southern Kent County Homes was $236,992. This March, the median sale price was $297,500, an increase of $60,508 compared to last year. The current median sold price is higher than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
86
Current Contracts
102
Sold Vs. List Price
100.3%
Months of Supply
0.9
Down -23%
Vs. Year Ago
Up 7%
Vs. Year Ago
Up 1.4%
Vs. Year Ago
Down -65%
Vs. Year Ago

Months of Supply
In March, there was 0.9 months of supply available in Felton, Camden Wyoming, and Southern Kent County, compared to 2.6 in March 2020. That is a decrease of 65% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 86 homes newly listed for sale in Felton, Camden Wyoming, and Southern Kent County compared to 111 in March 2020, a decrease of 23%. There were 102 current contracts pending sale this March compared to 95 a year ago. The number of current contracts is 7% higher than last March.

Sale Price to List Price Ratio
In March, the average sale price in Felton, Camden Wyoming, and Southern Kent County was 100.3% of the average list price, which is 1.4% higher than at this time last year.

Days on Market
This month, the average number of days on market was 20, lower than the average last year, which was 59, a decrease of 66%.

The Long & Foster Market Minute Felton, Camden Wyoming, and Southern Kent County are defined as properties listed in zip code/s 19934, 19962, 19952, 19946, 19954, 19979, 19980 and 19943.
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.