The Long & Foster Market Minute

Focus On: Millsboro, Selbyville, and Dagsboro Housing Market June 2021

Zip Code(s): 19966, 19975, 19939 and 19945
Units Sold
160
Active Inventory
186
Median Sale Price
$360,000
Days On Market
34
Up
Vs. Year Ago
Down -66%
Vs. Year Ago
Up 6%
Vs. Year Ago
Down -64%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 160 sold this month in Millsboro, Selbyville, and Dagsboro Real Estate. This month's total units sold was higher than at this time last year.

Active Inventory
Versus last year, the total number of homes available this month is lower by 362 units or 66%. The total number of active inventory this June was 186 compared to 548 in June 2020. This month's total of 186 is higher than the previous month's total supply of available inventory of 170, an increase of 9%.

Median Sale Price
Last June, the median sale price for Millsboro, Selbyville, and Dagsboro Homes was $340,145. This June, the median sale price was $360,000, an increase of 6% or $19,855 compared to last year. The current median sold price is 20% 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
201
Current Contracts
166
Sold Vs. List Price
101.1%
Months of Supply
1.2
Up 33%
Vs. Year Ago
Down -6%
Vs. Year Ago
No Change
Vs. Year Ago
Down -77%
Vs. Year Ago

Months of Supply
In June, there was 1.2 months of supply available in Millsboro, Selbyville, and Dagsboro, compared to 5.1 in June 2020. That is a decrease of 77% 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 201 homes newly listed for sale in Millsboro, Selbyville, and Dagsboro compared to 151 in June 2020, an increase of 33%. There were 166 current contracts pending sale this June compared to 177 a year ago. The number of current contracts is 6% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Millsboro, Selbyville, and Dagsboro was 101.1% of the average list price, which is similar compared to a year ago.

Days on Market
This month, the average number of days on market was 34, lower than the average last year, which was 94, a decrease of 64%.

The Long & Foster Market Minute Millsboro, Selbyville, and Dagsboro are defined as properties listed in zip code/s 19966, 19975, 19939 and 19945.
*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.