Lewes is a small city in Delaware with a median income of $55,947 per household. On top of being affluent, it also ranks as the fifth-youngest with a median age of 62 years. The Lewes market is primarily made up of detached houses, which currently account for 83% of the homes for sale in the area. Leading the list of best schools in the city are Shields Elementary School, Beacon Middle School, and Cape Henlopen High School.
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$775K  
The Lewes market was quiet this week and reported zero home sales over the last 30 days. Lewes usually averages 0.8 sales per month.
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$775K  
Fewer sellers put their homes up for sale in the Lewes market over the last 30 days and the number of new listings tumbled this week to two. Home sales remained unchanged from the prior period and once again one home was sold. Pricing in Lewes remains consistent from last week to this week, with the median sales price at $485,000 again. With no movement in sales and the availability of eight months of inventory, Lewes is a strong buyer's market.
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$775K  
Over the last 30 days, a budding upward trend of new sellers coming into the Lewes market continued, with three listings in this week's report. Meanwhile, sales remained flat, with one home selling during the same period. The median sales price of all transactions in Lewes did not budge this week, remaining at $485,000. Lewes is a definite buyer's market, due to a big nine months of inventory left and aided by the flat sales.
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$775K  
While home sales in the Lewes market have been above average, in this week's report they slid 50.0% to one home sold over the last 30 days. In comparison, nearby Milford had 18 sales in the same time frame, the most of all neighboring cities. The median sales price dropped dramatically to $485,000 over the latest reporting period for Lewes, down from $1,242,500. With decreasing sales and the availability of 11 months of inventory, Lewes is a solid buyer's market.
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$959K  
Sales rose in the Lewes market to two homes sold over the last 30 days. But the market is also under a determined downward trend in the number of contracts closing, with this week's number falling to zero. While contracts numbers dropped, prices were able to climb. This week's reported median sales price of $1,242,500 continued a four-week upswing.
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Lewes is a larger than average city in Delaware with a population of 2,747 residents. Also, it has a much lower than average density with 722.3 people per square mile. Keep in mind, 39.8% of the homes in Lewes are owned, while 12.9% are rented. Leading the list of best schools in the city are Shields Elementary School, Beacon Middle School, and Cape Henlopen High School.
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$775K  
Sales have dropped to one home sold over the last 30 days in the Lewes market. Sellers can also expect more competition, due to a three-week upward trend in homes coming into the market, now up to two for the same period. Prices are rising in Lewes, and the median sales price this period increased from $1,110,000 to $2,000,000. Lewes is a solid buyer's market, due to a big nine months of inventory left and aided by the dip in sales.
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$959K  
The Lewes market saw sales remain flat this week with two homes sold over the last 30 days and new listings also remain flat at one. Potential buyers should take note that the median sales price in Lewes stayed flat at $1,110,000 and that there are four months of inventory still available.
Comments:

$649K  
Sales rose in the Lewes market to two homes sold over the last 30 days. But the market is also under an emerging downward trend in the number of contracts closing, with this week's number falling to one. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price jumped to $1,110,000 this week.
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