July Buyer Activity Stronger in North Bethany

While real estate activity in North Bethany was relatively flat this Spring when compared to last year, we experienced a nice flurry of activity in July. During the month, 7 properties went under contract in North Bethany (versus 2 in July of last year).

As the chart illustrates, sales are up 36% year-to-date, while sales volume is up 130%. Inventory has nearly doubled when compared to the same time last year, creating a little more competition for sellers. Meanwhile, properties continue to sell quickly with 18 days as the median days-to-contract.

So far this year, our group has participated in more than 53% of property sales in North Bethany. If we can offer you any real estate guidance, please give us a call.

Leslie Kopp                                   Christi Arndt   
(302) 541-5207                          (302) 245-5223         

Data was derived from the Sussex County MLS. Includes Single Family and Condo/Townhome properties in North Bethany. May not reflect all market activity.