Top Large Teams in Delaware – Ranked by Volume

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    • Rank – State VolumeTeam NameCompanyLocationVolumeProfile
    1The Mottola GroupCompassGreenville, DE$425,256,221View Profile
    3Lee Ann Wilkinson GroupBerkshire Hathaway HomeServices PenFed RealtyLewes, DE$311,254,083View Profile
    8The Debbie Reed TeamRE/MAX Realty GroupRehoboth Beach, DE$99,783,530View Profile
    11The Levy GroupLong & Foster Real EstateGreenville, DE$66,206,370View Profile
    13McKee Kubasko GroupLong & Foster Real EstateGreenville, DE$62,563,783View Profile
    15The Real McCoy GroupColdwell Banker RealtyOcean View, DE$60,866,219View Profile
    17Premier Properties GroupColdwell Banker RealtyWilmington, DE$58,813,174View Profile
    19Pam Price and AssociatesRE/MAX Advantage RealtyLaurel, DE$47,746,257View Profile
    20Erik Hoferer & AssociatesLong & Foster Real EstateNewark, DE$45,268,390View Profile
    21Team First State PropertiesCompassGreenville, DE$41,319,432View Profile
    28Moran & Murray GroupLong & Foster Real EstateGreenville, DE$32,370,705View Profile
    29Rush Home TeamCompassSmyrna, DE$31,616,566View Profile

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    2023 Delaware Housing Market Summary

    Delaware started 2023 with a total of 1,230 single-family homes on the market, with a median home price of $472,777 and an average price per square foot of $260. By the end of the year, inventory had increased to 1,368 homes on the market (+11%), with a median home price of $495,000 (+4%) and an average price per square foot of $271 (+4%).

    At the start of 2023, the median days on market (DOM) was 84 days – by the end of the year, median DOM had decreased to 70 days.

    Delaware started the year with 36% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 33% of Delaware homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Delaware started 2023 as a seller’s market, with an MAI score of 41; by the end of the year, the MAI had dropped to 33 – a balanced buyer and seller’s market.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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