$234K  
A four-week downward trend in the number of homes sold was extended this week after the Rising Sun-Lebanon market had six transactions over the last 30 days. With five price reductions, the lowest amount since March, the market may be looking for a higher price point. During the same time frame, Dover had the most of any other neighboring municipalities with 43 price reductions. Potential buyers should note that prices went up in Rising Sun-Lebanon, with the median for this period rising from $250,800 to $261,800.
Comments:

$174K  
Despite a 20.0% increase in sales numbers this week to reach six homes sold over the last 30 days, the Rising Sun-Lebanon market still shows a recent trend downward overall. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. A months of inventory number of four reported this week continued a four-week upward trend, to go along with the weak sales in the area.
Comments:

Rising Sun-Lebanon has a population that is much older than most in Delaware with a median age of 32 years. Also, it's somewhat affluent with a median income of $55,843 per household. With an ownership ratio of 57.3%, most people in Rising Sun-Lebanon are homeowners. The top schools in the city are Star Hill Elementary School and F. Niel Postlethwait Middle School.
Comments:

$174K  
Despite a recent downward trend in sellers reducing price, including eight markdowns over the last 30 days, sales in the Rising Sun-Lebanon market rose to five over the same stretch of time. The median sales price rose dramatically to $228,000, up from last week's $156,800.
Comments:

$354K  
The Rising Sun-Lebanon market broke below its 12-month average sales volume this week as sales slid 50.0% to hit two homes sold over the last 30 days. On the other hand, close-by Dover registered 28 homes sold in the same time frame, the most of all surrounding cities. Prices are falling in Rising Sun-Lebanon, and this period the median price of all sales fell from $213,750 to $156,800. Along with the slip in sales, a relatively high 12 months of inventory indicates that Rising Sun-Lebanon is a strong buyer's market.
Comments:

$295K  
While home sales in the Rising Sun-Lebanon market have been above average, in this week's report they tumbled 33.3% to four homes sold over the last 30 days. Meanwhile, close-by Dover reported 40 homes sales, the highest number from all the surrounding cities. Prices are falling in Rising Sun-Lebanon, and this period the median price of all sales fell from $272,450 to $213,750.
Comments:

$174K  
While home sales in the Rising Sun-Lebanon market have been above average, in this week's report they slid 14.3% to six homes sold over the last 30 days. In comparison, nearby Dover had 34 sales in the same time frame, the most of all neighboring cities. Potential buyers should note that there are now four months of inventory available in Rising Sun-Lebanon and prices have come down. The median sales price dropped to $272,450.
Comments:

$500K  
The Rising Sun-Lebanon market saw seven homes go under contract and failed to break out of a confirmed downward trend. Along with that, total home sales fell to seven over the last 30 days. While contracts numbers dropped, prices were able to climb. This week's reported median sales price of $275,000 continued a four-week upswing.
Comments:

$374K  
While home sales in the Rising Sun-Lebanon market have been above average, in this week's report they fell 14.3% to six homes sold over the last 30 days. Meanwhile, close-by Dover reported 25 homes sales, the highest number from all the surrounding cities. The median sales price dropped to $282,550, potentially helping to offset the four months of inventory left to be sold.
Comments:

$500K  
The number of homes coming into the Rising Sun-Lebanon market rose to five listings over the last 30 days, while sales remained right where they were as once again seven homes were sold over the same period. Prices were able to find a top with the average selling price rising to $295,200, a six-month high.
Comments:
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RE/Max Horizons
Snapped 1 home in this area

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