Real Estate Market Report - Dover, Kent County, Delaware
Market Conditions and Trends
Dover, Delaware -  Kent County
Report Date 
Winter 2008
Nearest Metro Area 
Buyers' or Sellers' Market 
Equal buyers and sellers
Average Time on Market 
60-90 days
Market Trend 
Increasing
Housing Inventory 
Good supply - all prices
Average Home Prices 
$250,000
Compared to last year 
Up 20-25%
Prices As % of Asking Price 
85-90%
Multiple Offers? 
No
Greatest Activity 
First Time Buyers
Housing Hot Spots 
Reason to Buy/Sell 
Population Growth
Other Comments 
The original list price is $248,420. The average sold price $239,613.
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)

National Summary: Home Buyers Hold Advantage in Many U.S. Housing Markets

Home buyers continue to be in the driver’s seat in many U.S. housing markets, with plenty of inventory to choose from in virtually all price ranges. . Time required to sell a listing has lengthened to more than 90 days, on average. Home prices appears to have stabilized, becoming more in line with local market supply and demand. As a result, most sellers say they are getting at least 90% of asking prices.

Concern over liquidity and tougher lending qualifying standards in the mortgage industry are slowing any quick recovery in the national housing market. Lingering problems with sub prime loans and homeowner bankruptcies must also be resolved.

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