Homes for Sale > Real Estate Market > Delaware Real Estate Market > Millsboro Real Estate Market

Winter 2012 Market Update
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

Average Home Price $250,000 - View Graph Trend
Average Price Compared to Last Year Up 0-5%
Average Time on Market More than 120 days
Best Selling Price Range$200,000 - $249,000
Worst Selling Price Range$450,000 - $499,000
Prices As % of Asking Price 90-95%
Existing Home Prices for the past 90 days are?No Change
Market Trend No Change
Buyers’ or Sellers’ Market More sellers than buyers
Buyer Activity for the past 90 days in Millsboro isIncreasing
Seller Activity for the past 90 days in Millsboro is?No Change
Multiple Offers?No
Multiple Offers CommentaryWe 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.
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?5-10%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Good supply - Some Prices
Inventory CommentsThis 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.
Greatest Activity First Time Buyers
Reason to Buy/Sell Lower prices with good selection and competitive interest rates creates a perfect time to buy in Millsboro!
Nearest Metro AreaSeaford
Housing Hot SpotsMost cities within the Sussex County area are considered 'Housing Hotspots'
Average Sold Price $250,000 - View Graph Trend
Millsboro Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Mortgage Rates
– Feb 13th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.89%
 15 yr. fixed rate:     3.21%
  30 yr. jumbo rate:  4.60%
  15 yr. jumbo rate:  3.96%

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