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Old 07-31-2015, 12:44 PM
 
566 posts, read 595,782 times
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This question goes out to you savvy people familiar with the south Delaware homes for sale.

I'm wondering if the home prices tend to drop after Labor Day, or in autumn?
(...or does eveything stall until Spring?)

Any suggestions, tips etc.. welcome
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Old 07-31-2015, 03:43 PM
 
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I don't know about prices dropping, but, my realtor told me there are more listings a few months (Mar - May) before the beach season (beach season is Jun -Mid Sept) and then listings pick up again Mid Sept - early November.

While in most places people look to get into their new place before school starts, down in the Lewes area it seems like the most activity is before or just after beach season.
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Old 07-31-2015, 06:57 PM
 
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That makes perfect sense.

We will be looking forward to house hunting in September.

Sounds like there will be lots of inventory too. Great!
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Old 08-01-2015, 10:36 AM
 
Location: Former LI'er Now Rehoboth Beach, DE
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Your question is kind of the "rock and a hard place" problem. IF, and I can't say that is the case, prices drop it is no doubt because they are lingering on the market. So, in theory you could get a better deal, that said, the more inventory out there the more choice you will have to get what you are looking for, but it may be at a premium.
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Old 08-02-2015, 01:53 PM
 
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You will find MANY LESS houses for sale during the off season, many folks simply remove them from the market in winter. The good news is September-November is not really winter yet. As far as prices, you probably can get a better deal off season, but then again....you may have less homes to find the one you actually want. Good luck.
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Old 08-02-2015, 03:39 PM
 
Location: Delaware Native
9,745 posts, read 14,305,991 times
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Quote:
Originally Posted by countryswan View Post
This question goes out to you savvy people familiar with the south Delaware homes for sale.

I'm wondering if the home prices tend to drop after Labor Day, or in autumn?
(...or does eveything stall until Spring?)

Any suggestions, tips etc.. welcome
I'm professionally involved in the Delaware real estate market, and have been since 1982. I'm not a salesperson. I can not predict how and when each wave of the real estate market flows, and I don't think anyone else can. I do know, that I've been very busy all 12 months of the year, statewide, and have been for quite a number of years. The real estate market is fluid.
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Old 08-02-2015, 04:50 PM
 
566 posts, read 595,782 times
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I'm glad I put the question out there... and thanks for the different perspectives on this.

Trying to learn the ropes, and appreciate seeing DE through your eyes. ;^ D
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Old 08-03-2015, 10:20 AM
 
Location: Mid-Atlantic
32,990 posts, read 36,513,463 times
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Quote:
Originally Posted by rdlr View Post
I'm professionally involved in the Delaware real estate market, and have been since 1982. I'm not a salesperson. I can not predict how and when each wave of the real estate market flows, and I don't think anyone else can. I do know, that I've been very busy all 12 months of the year, statewide, and have been for quite a number of years. The real estate market is fluid.
This is the answer. People put a house on the market when they need or want to sell. People buy when they want a house. Parents prefer to move over the summer. It's much more pleasant to house hunt or move spring through fall than in the cold, snowy winter, but it happens. And yes, the price of a house drops when it's been on the market for too long--but not always.
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