$105K  
Sales numbers in the Newark market remain the same with 14 homes sold over the last 30 days and the market still shows an emerging trend downward overall. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price climbed to $247,050 this week.
Comments:

$750K  
The Newark market showed signs of life this week as sales rose 18.2% to hit 13 homes sold over the last 30 days. In comparison, nearby Pike Creek had 24 sales in the same time frame, the most of all neighboring cities. The median sales price in Newark stayed flat at $220,000 while months of inventory shrunk to four.
Comments:

$450K  
The population of Newark is affluent compared to others in Delaware with a median income of $59,023 per household. It's also considered an expensive city in terms of affordability with a cost of living adjustment score of 115.8. Its three largest zip codes are 19711, 19713, and 19717. Homes in Newark are relatively old with a median age of 39 years. The top school in the city is Downes Elementary School.
Comments:

$450K  
Home sales in the Newark market stayed sluggish in this week's report as they slid 28.6% to 10 homes sold over the last 30 days. Within the same time frame, Pike Creek had 24 sales, the most of all cities in the area. The median sales price rose to $239,000 over the latest reporting period for Newark, up from $201,649.
Comments:

$103K  
The Newark market remained cool with 14 homes sold in the last 30 days, a 12.5% sales drop. On the other hand, close-by Pike Creek registered 24 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $201,649, extending a four-week long spiral.
Comments:

$750K  
The Newark market broke below its 12-month average sales volume this week as sales fell 34.8% to hit 15 homes sold over the last 30 days. Within the same time frame, Pike Creek had 25 sales, the most of all cities in the area. The median sales price dropped to $218,299 over the latest reporting period for Newark, down from $233,000. There are only three months of inventory available in Newark, so it's a seller's market, even with the decrease in sales.
Comments:

$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.
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