The Long & Foster Market Minute

Focus On: Lewes Housing Market June 2021

Zip Code(s): 19958 and 19969
Units Sold
109
Active Inventory
147
Median Sale Price
$456,690
Days On Market
21
Up 14%
Vs. Year Ago
Down -58%
Vs. Year Ago
Up 12%
Vs. Year Ago
Down -66%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 109 sold this month in Lewes Real Estate versus 92 last month, an increase of 18%. This month's total units sold was higher than at this time last year, an increase of 14% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 201 units or 58%. The total number of active inventory this June was 147 compared to 348 in June 2020. This month's total of 147 is lower than the previous month's total supply of available inventory of 164, a decrease of 10%.

Median Sale Price
Last June, the median sale price for Lewes Homes was $406,250. This June, the median sale price was $456,690, an increase of 12% or $50,440 compared to last year. The current median sold price is 5% lower than in May.

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


New Listings
121
Current Contracts
107
Sold Vs. List Price
102.0%
Months of Supply
1.3
Up 2%
Vs. Year Ago
Down -16%
Vs. Year Ago
Down -1.6%
Vs. Year Ago
Down -63%
Vs. Year Ago

Months of Supply
In June, there was 1.3 months of supply available in Lewes, compared to 3.6 in June 2020. That is a decrease of 63% 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 121 homes newly listed for sale in Lewes compared to 119 in June 2020, an increase of 2%. There were 107 current contracts pending sale this June compared to 127 a year ago. The number of current contracts is 16% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Lewes was 102.0% of the average list price, which is 1.6% lower than at this time last year.

Days on Market
This month, the average number of days on market was 21, lower than the average last year, which was 61, a decrease of 66%.

The Long & Foster Market Minute Lewes are defined as properties listed in zip code/s 19958 and 19969.
*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.