The Long & Foster Market Minute

Focus On: Smyrna, East Dover, and Little Creek Housing Market June 2021

Zip Code(s): 19977, 19902, 19961 and 19901
Units Sold
90
Active Inventory
97
Median Sale Price
$307,500
Days On Market
15
Up 5%
Vs. Year Ago
Down -52%
Vs. Year Ago
Up 34%
Vs. Year Ago
Down -64%
Vs. Year Ago

Units Sold
There was an increase in total units sold in June, with 90 sold this month in Smyrna, East Dover, and Little Creek Real Estate versus 74 last month, an increase of 22%. This month's total units sold was higher than at this time last year, an increase of 5% versus June 2020.

Active Inventory
Versus last year, the total number of homes available this month is lower by 106 units or 52%. The total number of active inventory this June was 97 compared to 203 in June 2020. This month's total of 97 is lower than the previous month's total supply of available inventory of 104, a decrease of 7%.

Median Sale Price
Last June, the median sale price for Smyrna, East Dover, and Little Creek Homes was $229,950. This June, the median sale price was $307,500, an increase of $77,550 compared to last year. The current median sold price is higher 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
91
Current Contracts
91
Sold Vs. List Price
100.6%
Months of Supply
1.1
Down -16%
Vs. Year Ago
Down -1%
Vs. Year Ago
Up 1.7%
Vs. Year Ago
Down -54%
Vs. Year Ago

Months of Supply
In June, there was 1.1 months of supply available in Smyrna, East Dover, and Little Creek , compared to 2.4 in June 2020. That is a decrease of 54% 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 91 homes newly listed for sale in Smyrna, East Dover, and Little Creek compared to 108 in June 2020, a decrease of 16%. There were 91 current contracts pending sale this June compared to 92 a year ago. The number of current contracts is 1% lower than last June.

Sale Price to List Price Ratio
In June, the average sale price in Smyrna, East Dover, and Little Creek was 100.6% of the average list price, which is 1.7% higher than at this time last year.

Days on Market
This month, the average number of days on market was 15, lower than the average last year, which was 42, a decrease of 64%.

The Long & Foster Market Minute Smyrna, East Dover, and Little Creek are defined as properties listed in zip code/s 19977, 19902, 19961 and 19901.
*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.