Delaware City's real estate market is experiencing a price correction, with values down 11.6% from last year. Home prices have decreased 18.8% in the past month. At the current pace, all available homes in Delaware City would sell out in just 1.0 months, indicating a continued supply shortage. Transaction volume is up 300% compared to what's typically expected this time of year. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Delaware City market with the affordability index at 806.7. Based on current market indicators, home prices in Delaware City are projected to decrease by approximately 7.6% over the next month.
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