$359K  
The Newark market pulled back with an 8.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (20.5) with 23 homes sold. Meanwhile, close-by Elkton reported 26 homes sales, the highest number from all the surrounding cities. Months of inventory were further reduced to two, extending a downward trend to four weeks. With such low levels of inventory, Newark is still a strong seller's market, in spite of the dip in sales.
Comments:

$104K  
In this week's report, the number of homes sold in the Newark market dropped to 23 over the past 30 days, a decrease of 23.3% from last week's report, but still above the monthly average. Meanwhile, close-by Elkton reported 29 homes sales, the highest number from all the surrounding cities. The price of homes sold went down with the average selling price hitting a three-month low at $253,000. In spite of the falling prices, a low two months of inventory signals that Newark is still a strong seller's market.
Comments:

$750K  
Over the last 30 days, the Newark market looked solid with 30 homes sold, a 15.4% increase from last week's report. Within the same time frame, Pike Creek had 28 sales, the most of all cities in the area. Pricing in Newark remains consistent from last week to this week, with the median sales price at $279,250 again. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Newark is a strong seller's market.
Comments:

$450K  
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. 19711, 19713, and 19717 are its three most populated zip codes. Keep in mind, 48.5% of the homes in Newark are owned, while 45.4% are rented. Heading the list of top schools in the city is Downes Elementary School.
Comments:

$450K  
Over the last 30 days, an emerging downward trend of new sellers coming into the Newark market continued, with 15 listings in this week's report. Meanwhile, sales remained flat, with 25 homes selling during the same period. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. The median sales price dropped to $283,500, down from last week's $284,000. Despite the flat sales, a relatively low two months of inventory remaining indicates that Newark is a definite seller's market.
Comments:

$750K  
With 25 homes sold in the Newark market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with 11 new listings for buyers to choose from. Prices were able to climb as this week's reported median sales price of $284,000 continued a four-week upswing. With only two months of inventory to sell, Newark is a definite seller's market, in spite of the flat sales.
Comments:

$750K  
The Newark market showed gains in this week's report, as the number of home sales jumped 27.8%, pushing the total to 23 homes sold over the last 30 days. To put it in perspective, close-by Pike Creek registered 27 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $275,000, down from last week's $293,500. With only three months of inventory and rising sales, Newark is a seller's market.
Comments:

$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.
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