$114K  
Sales in the Newark market hit their lowest level since August. For the prior 30-day period, there were 18 homes sold, a drop of 25.0%. The market has been in a downward trend for three weeks. During the same time frame, Pike Creek had the most of any other neighboring municipalities with 19 sales. Potential buyers should take note that the median sales price in Newark stayed flat at $293,500 and that there are four months of inventory still available.
Comments:

$229K  
Over the last 30 days, the Newark market showed gains with 24 homes sold. It marks a 26.3% increase from last week's report, while also topping the average sales volume for the prior 12 months. At the same time, close-by Pike Creek reported 22 home sales, the highest number from all the surrounding cities. The median sales price climbed to $293,500 over the latest reporting period for Newark, up from $290,000. The rising sales and a low three months of inventory point to Newark being a seller's market.
Comments:

$299K  
Newark has a cost of living adjustment score of 115.8, which is expensive when compared to others in Delaware. Also, the area is considered affluent with a median income of $59,023 per household. 19711, 19713, and 19717 are its three most populated zip codes. With a median age of 39 years, homes in Newark tend to be relatively old. Topping the list of best schools in the city is Downes Elementary School.
Comments:

$750K  
The Newark market slowed with a 13.6% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 19.2 monthly average with 19 homes sold. Meanwhile, close-by Pike Creek reported 21 homes sales, the highest number from all the surrounding cities. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price climbed to $290,000 this week.
Comments:

$750K  
Over the last 30 days, the Newark market was solid with 22 homes sold, a 10.0% increase from last week's report. At the same time, close-by Pike Creek reported 27 home sales, the highest number from all the surrounding cities. Potential buyers should note that prices went up in Newark, with the median for this period rising from $259,625 to $276,250. The rising sales and a low three months of inventory point to Newark being a seller's market.
Comments:

$750K  
The Newark market pulled back with a 20.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (19.6) with 20 homes sold. Meanwhile, close-by Pike Creek reported 23 homes sales, the highest number from all the surrounding cities. Potential buyers should note that there are now four months of inventory available in Newark and prices have come down. The median sales price dropped to $259,625.
Comments:

$750K  
The Newark market pulled back with a 7.4% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (19.7) with 25 homes sold. Meanwhile, close-by Pike Creek reported 25 homes sales, the highest number from all the surrounding cities. The median sales price remained unchanged over the latest reporting period for Newark, coming in at $262,500. With only three months of inventory to sell, Newark is a seller's market, in spite of the dip in sales.
Comments:

$750K  
The number of home sales in the Newark market rose 22.7% to 27 homes over the last 30 days. To put it in perspective, close-by Glasgow registered 27 homes sold in the same time frame, the most of all surrounding cities. The median sales price of all transactions in Newark did not budge this week, remaining at $262,500. With only three months of inventory and rising sales, Newark is a seller's market.
Comments:

$204K  
The population of Newark ranks as the third-largest in Delaware with 31,454 residents. It also ranks as the ninth-most dense city with 3,424.4 people per square mile. The three zip codes with the largest populations are 19711, 19713, and 19717. It should be noted that 48.5% of the homes in Newark are owned, while 45.4% are rentals. The top school in the city is Downes Elementary School.
Comments:

$289K  
The Newark market pulled back with a 12.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (19.8) with 22 homes sold. On the other hand, close-by Glasgow registered 25 homes sold in the same time frame, the most of all surrounding cities. Potential buyers should take note that the median sales price in Newark rose to $262,500 and that there are four months of inventory still available.
Comments:
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