Middletown Odessa and Townsend Real Estate Market Conditions & Reports, Middletown Odessa and Townsend Market Trends, Delaware

Market Commentary Provided by Diane Ash

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Diane Ash
RE/MAX Central
Bear, Delaware
302-562-2779
Diane@Diane-Ash.com
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Nearest Metro Area

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

More than 120 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$325,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Down 10-15%

Prices As % of Asking Price

90-95%

Multiple Offers?

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Middletown Odessa and Townsend is

Seller Activity for the past 90 days in Middletown Odessa and Townsend is

Is Financing Available For Qualified Buyers in Middletown Odessa and Townsend?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Bear and New Castle seem the most popular now because of their convenient location to I-95, Rt. 1, Rt. 13, Rt. 40 and I-295 and I-495. You can be in NY in 3 hrs, Baltimore in 1-1/2 hrs, Philly in 30-40 minutes, and NJ in 15 min. Delaware beaches are only an hour’s drive away. Our income taxes are very low compared to surrounding states of PA, NJ, and MD. Plus, we have NO sales tax and for that reason alone, people love to come here to shop.So, why not come and visit. Let me be your Buyers Agent and show you my town.

Reason to Buy/Sell

Other

Average Sold Price

$325,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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