Summer Buyer Activity Slower in Bayside

After a strong Spring market in Bayside that was fueled by increased inventory and more buying options, we experienced some slowing in June and July. During those 2 months, 10 properties went under contract in your community (versus 14 during the same time last year).

As the chart illustrates, both the number of sales and sales volume in dollars are up year-to-date. Inventory has increased 90% when compared to the same time last year, creating more competition for sellers. Meanwhile, most properties are taking about a month to go under contract.

If we can offer you any real estate guidance, please call our Bayside Experts.

Wayne Lyons                      Kiki Hargrove
(302) 858-7347              (302) 569-2959

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