1st Quarter Data Shows More Double-Digit Gains In Sussex County Real Estate
Posted by Bill Mann on
The Sussex County Association of REALTORS® (SCAOR) released 1st quarter sales numbers last week that show a continuously strengthening real estate market in Delaware’s southernmost county. Stronger than even 2012, the data is the latest in a series of strong reports.
“For the past several quarters, we know that our local markets here in Sussex County were being driven by enticing buying opportunities, which were caused by burgeoning inventories,” says Bob McVey, 2013 president of SCAOR. “But what we’re seeing now is shrinking inventories, but strengthening home prices and home sales due to an increased optimism nationwide in regards to the American economy. The Federal Reserve keeping interest rates low is obviously helping as well, as buyers can get a…
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