3 cities with year-over-year price decreases
-7.4%
Biggest Drop
-6.5%
Avg Decline
Price drops can signal buying opportunities. These markets may offer better negotiating leverage and more affordable entry points compared to last year.
| # | City | YoY Change | Median Price | Days on Market | Months Supply |
|---|---|---|---|---|---|
| 1 | Bear | -7.4% | $340K | 29 days | 1.5 mo |
| 2 | Pike Creek Valley | -7.3% | $370K | 51 days | 1.0 mo |
| 3 | Dover | -4.8% | $300K | 51 days | 2.3 mo |
3 cities in Delaware are experiencing year-over-year price declines. The largest drop is in Bear at -7.4%.
Price drops can create buying opportunities, but timing the market is difficult. Work with a local agent who understands whether a market is stabilizing or may continue to decline.
Work with a local agent who can help you identify value in changing markets.
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