$130K  
The Elsmere market took a breather this week as sales fell to two homes sold over the last 30 days. However, the number of homes under contract shows an emerging upward trend, and is now at seven. While contracts suggested otherwise, months of inventory is on a four-week upswing, this week hitting 14 months. Elsmere is a definite buyer's market, due to the large amount of inventory left and aided by the dip in sales.
Comments:

$219K  
With three homes sold in the Elsmere market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with 10 new listings for buyers to choose from. The median sales price of all transactions in Elsmere did not budge this week, remaining at $107,000. Elsmere is a strong buyer's market, thanks to a big 10 months of inventory to choose from and the flat sales.
Comments:

$107K  
Sales in the Elsmere market hit their lowest level since August. For the prior 30-day period, there were three homes sold, a drop of 57.1%. When comparing other close-by municipalities within the same period, the most came from Wilmington with 59 sales. The median sales price dropped to $107,000, down from last week's $112,000. With a downward trend in sales numbers and 10 months of inventory still left to work through, Elsmere is a definite buyer's market.
Comments:

$130K  
The number of price cuts in the Elsmere market climbed to 16 over the last 30 days, furthering a new positive trend. Perhaps due to the decreases in list prices, sales increased to seven homes sold. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. The median sales price dropped to $112,000, potentially helping to offset the four months of inventory left to be sold.
Comments:

$130K  
Elsmere is a less affluent than average city in Delaware with a median income of $46,009 per household. The population is also considered much older than most with a median age of 34 years. Elsmere is an area where most people own their homes, with an ownership ratio of 59.0%. Topping the list of best schools in the city is Ferris School for Boys.
Comments:

$195K  
Home sales in the Elsmere market remained sluggish in this week's report as they fell 16.7% to five homes sold over the last 30 days. In comparison, nearby Wilmington had 52 sales in the same time frame, the most of all neighboring cities. The median sales price dropped to $127,000 over the latest reporting period for Elsmere, down from $152,450.
Comments:

$175K  
The Elsmere market broke below its 12-month average sales volume this week as sales slid 28.6% to hit five homes sold over the last 30 days. Within the same time frame, Wilmington had 63 sales, the most of all cities in the area. Potential buyers should note that prices went up in Elsmere, with the median for this period rising from $127,000 to $155,000. Elsmere is a solid buyer's market, due to a big seven months of inventory left and aided by the dip in sales.
Comments:

$199K  
The Elsmere market saw five homes go under contract and failed to break out of a new downward trend. Despite that, total home sales ticked up to six over the last 30 days. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price dropped to $115,999, down from last week's $144,000.
Comments:

$167K  
Home sales in the Elsmere market remained slow in this week's report as they dropped 16.7% to five homes sold over the last 30 days. Meanwhile, close-by Wilmington reported 72 homes sales, the highest number from all the surrounding cities. Prices are rising in Elsmere, and the median sales price this period increased from $124,499 to $144,000. With decreasing sales and the availability of seven months of inventory, Elsmere is a definite buyer's market.
Comments:

$175K  
With 6,131 residents, Elsmere is a larger than average city in Delaware. Also, with a 5.7% increase over the last 10 years, its population is growing slower than other parts of the state. The Elsmere market is mostly made up of detached houses, which currently account for 58% of the homes for sale in the area. Topping the list of best schools in the city is Ferris School for Boys.
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RE/MAX SUNVEST REALTY INC
5 reviews
Patterson-Schwartz & Assoc. Inc.
Snapped 1 home in this area
Berkshire Hathaway HomeServices
Snapped 7 homes in this area

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