Market Conditions for Sussex - September 2019 | Shorewest Realtors®
September 2019

Market Conditions for Sussex

Median Sale Price Graph

Median Sale Price

The median sale price for homes in September was $195,250. The median sales price for homes in September fell by ($162,750) compared to last month. This represents a 45.46% decrease from August. Compared to the same month last year, the median price of homes fell by ($124,750) representing a -38.98% year-over-year change.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale fell by 8 in September to 36. This represents 18.18% decrease from August when 44 homes were on the market. Compared to the same month last year when there were 45 homes for sale, the inventory of homes for sale has fallen by 9 representing a -20% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 10 homes sold in September was 13 less than in August. This represents a 56.52% decrease in sales from August. Compared to the same month last year, the number of homes sold decreased by 6, a -37.5% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in September (19) decreased by 34 days compared to August. This represents a 64.15% decrease in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 20, a -51.28% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 98.23% in September rose by 0.02% compared to August and decreased 1.3% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in September (11) fell by 5 compared to August, a 31.25% change. Compared to September 2018, the number of new listings decreased by 6, a -35.29% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in September was $334,900. The median list price for homes in September remained unchanged $0 compared to last month. Compared to the same month last year, the median list price of homes decreased ($40,100) representing a -10.69% year-over-year decrease.