Millsboro Real Estate Market Conditions & Reports, Millsboro Market Trends, Delaware

Market Commentary Provided by Joseph Maggio
If you can qualify, now is an exceptional time to buy a home in Millsboro. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 302-381-2268 or check me out on the web at www.RehobothBeachliving.com

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Joseph Maggio
Mann & Sons, Inc. Maggio Mann McVey
Rehoboth Beach, Delaware
302-381-2268
maggioshields@gmail.com
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Nearest Metro Area

Seaford

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

More than 120 days

Market Trend

No Change

Housing Inventory

Good supply - Some Prices

Inventory Comments

This is the time to jump in the Delaware housing market and Millsoboro and it's surrounding Bay front communities are ripe for the picking. Do not become one of the 'would of, should of' buyers who have missed this boat twice before.

Average Home Price

$250,000 - View Graph Trend

Best Selling Price Range

$200,000 - $249,000

Worst Selling Price Range

$450,000 - $499,000

Compared to Last Year

Up 0-5%

Prices As % of Asking Price

90-95%

Multiple Offers?

Multiple Offers Commentary

We are seeing multiple offers on Short Sales as they come available. This is a great opportunity for both the Seller to limit some of their loss and the buyer to gain an extraordinary equity position in newer construction.

Greatest Activity

First Time Buyers

Buyer Activity for the past 90 days in Millsboro is

Increasing

Seller Activity for the past 90 days in Millsboro is

No Change

Is Financing Available For Qualified Buyers in Millsboro?

Yes

Existing Home Prices for the past 90 days are

No Change

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

5-10%

Housing Hot Spots

Most cities within the Sussex County area are considered 'Housing Hotspots'

Reason to Buy/Sell

Lower prices with good selection and competitive interest rates creates a perfect time to buy in Millsboro!

Average Sold Price

$250,000 - 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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