Sussex County Sales
Real estate sales in Sussex County increased by 14 percent in 2012 over 2011, and Realtors say the numbers indicate the local market reflects a national trend: homes are selling and people are buying.
Realtors chalked up more than $1 billion in Sussex County sales in the single-family home market segment in 2012.
“We’ve known for some time that our real estate markets in southern Delaware were on the rebound, but it’s nice to see that confirmed in actual data,” said Bob McVey, president of Sussex County Association of Realtors. McVey is a Realtor and broker with Mann & Sons Inc. in Rehoboth Beach.
He said sellers and buyers are on nearly equal footing and neither has a significant financial advantage.
“We’re excited to see the markets responding after several years of challenging circumstances. We fully expect 2013 to be even better,” McVey said.
Realtors say the numbers indicate the nation is starting to pull out of the recession that began a few years ago.
“Double digit gains in 2012 is incredible news, but now it’s up to all of us to ensure that the momentum continues through the end of 2013 and beyond,” McVey said.
Contact Michael Dominguez
For your next purchase or sale of your home in 2013