$2M  
While home sales in the Newark market have been above average, in this week's report they fell 3.4% to 28 homes sold over the last 30 days. On the other hand, close-by Pike Creek registered 38 homes sold in the same time frame, the most of all surrounding cities. Potential buyers should note that prices are coming down in Newark, and for this period the median sales price slid from $260,000 to $258,450. Despite the slip in sales, a relatively low two months of inventory indicates that Newark is a definite seller's market.
Comments:

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. Newark has an home ownership ratio of 48.5% and a renting ratio of 45.4%. The top school in the city is Downes Elementary School.
Comments:

$2M  
Sales rose in the Newark market to 28 homes sold over the last 30 days. But the market is also under a confirmed downward trend in the number of contracts closing, with this week's number falling to 24. While contracts were soft, months of inventory were further reduced to two, extending a downward trend to eight weeks. With inventory so low and sales rising, Newark is a solid seller's market.
Comments:

$324K  
Sales have risen to 24 homes sold over the last 30 days in the Newark market. But sellers can expect more competition, due to a three-week upward trend in homes coming into the market, now up to 41 for the same period. The median sales price dropped to $259,950 over the latest reporting period for Newark, down from $260,000. The rising sales and a low two months of inventory point to Newark being a definite seller's market.
Comments:

$129K  
The Newark market remained sluggish this week as sales slid 7.1% to land at 13 homes sold over the last 30 days. On the other hand, close-by Pike Creek registered 35 homes sold in the same time frame, the most of all surrounding cities. The median sales price climbed to $300,000, up from last week's $297,210.
Comments:

$2M  
New listings have increased in the Newark market, reaching a high that hasn't been seen since October. There were also 14 homes sold over the last 30 days. During the same time frame, Pike Creek had the most new listings of any other neighboring municipalities with 54. While new seller numbers were strong, the median sales price of homes sold came in at $297,210, which extended a price upswing to eight weeks.
Comments:

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. The three zip codes with the largest populations are 19711, 19713, and 19717. Homes in Newark are relatively old with a median age of 39 years. Topping the list of best schools in the city is Downes Elementary School.
Comments:

$675K  
The Newark market remained sluggish this week as sales dropped 25.0% to land at 12 homes sold over the last 30 days. In comparison, nearby Elkton had 23 sales in the same time frame, the most of all neighboring cities. The median sales price in Newark rose to $317,500 while months of inventory spiked to four.
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$359K  
The number of home sales in the Newark market climbed 16.7% to 14 homes over the last 30 days. Within the same time frame, Elkton had 27 sales, the most of all cities in the area. The median sales price climbed to $290,710, and there are a fairly average four months of inventory left to be sold.
Comments:

$2M  
Over the last 30 days, sales in the Newark market fell to 11. However, the number of pending transactions continued to improve, reaching a total of 31 during the same period. As contracts trended up, prices went up with them, with the median sales price setting a three-month high at $270,000.
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