| Delaware Real Estate Summary
Delaware is a small state on the Atlantic Ocean. Delaware real estate is popular for the amount of tourists who visit and buy seasonal homes and for the close proximity to Washington D.C. Since there are so many opportunities in jobs, the Delaware relocation remains strong as it is a short commute to nearby major metro areas.
Delaware real estate is a mixed market. Delaware homes that are close to Washington DC get the best prices in the shortest amount of time. New Castle real estate is up in price by 10-15% and houses are only on the market for 30 days. The average sale price of houses here is $202,000.
Odessa real estate has dropped, with houses only getting 90% of their asking prices. The houses will remain listed for 90-120 days or longer. The average sale price is $350,000.
Delaware real estate will continue to become more popular for people working in DC as the commute isn´t so bad compared to the prices in other areas. New construction along the coast and suburb areas has slowed down 5%, but is still continuing. | 