News

The Annual YPN Bingo Night at SCAOR was a smashing success. More than 40 attendees attended for an evening of laughter, friendly competition, and fantastic networking!

The YPN Committee, alongside our incredible co-sponsors, the SCAOR DEI Committee and SCAOR Affiliates, delivered a night filled with seamless organization, high-energy fun, and top-tier teamwork. From the first number called to the final prize awarded, the atmosphere was buzzing with excitement!

And let’s talk about the food—what’s a great event without great eats? Attendees enjoyed plenty of pizza and delicious desserts to keep their bingo-playing stamina strong.

A huge thank you to everyone who attended, participated, and helped make this event an absolute winner! Special appreciation to our co-sponsors for their support in making the night memorable. Stay tuned for more exciting YPN events coming soon! 🎊💫

Are you thinking about earning your Sussex County Specialist (SCS) Designation? This required course is your essential guide to navigating the mortgage process with confidence!

✔️ Learn what to ask potential buyers to set them up for success
✔️ Discover the do’s and don’ts of mortgage applications
✔️ Understand the different types of loans – from conventional to jumbo and everything in between
✔️ Master best practices for working with loan officers and clients

This is NOT a CE class—it’s real-world knowledge to sharpen your expertise and elevate your business. Don’t miss this crucial step toward your SCS Designation!

📅 DATE: TUES., MARCH 11, 9:30 am – 12 pm

📍 LOCATION: SCAOR OFFICE, 23407 Park Avenue Georgetown, DE 

🔗 REGISTER HERE

Secure your spot today!

Help Shine a Spotlight on Delaware’s Good Neighbors! 🏡💙

The NAR Good Neighbor Award is the most prestigious honor for REALTORS® who make a difference through volunteer work—and in 25 years, Delaware has yet to have a winner! Let’s change that.

Do you know a REALTOR® who goes above and beyond to serve their community? Now’s the time to encourage them to apply!

🏆 Winners Receive:

✔ National recognition for their cause

✔ A $10,000 grant to further their impact

✔ A trip to NAR NXT in Houston for a well-deserved moment in the spotlight

Many of our most dedicated volunteers are humble about their efforts—so they may need a nudge! Help us identify and encourage nominees who deserve this recognition.

🔗 Application & details: nar.realtor/gna

📅 Deadline: April 18

🎨 Promo Toolkit: nar.realtor/good-neighbor-awards/media-kit

Let’s put Delaware on the Good Neighbor Award map—nominate a deserving REALTOR® today! 🚀

Get ready for an exciting evening at the YPN Bingo Event, proudly co-sponsored by the SCAOR Diversity Committee and SCAOR Affiliates!

Join us on Tuesday, March 4th, 2025, from 5 to 8 PM at the SCAOR main office for a night of bingo, community, and giving back.

🎟 Entry: One non-perishable food item per person, benefiting the Delaware Food Bank.

🍽 Enjoy Complimentary food, soft drinks, and alcoholic beverages.

🎲 Play: Bingo with fellow members and guests—all for a great cause!

Don’t miss this fun-filled night of philanthropy and friendly competition. Secure your spot—register today!

Georgetown, DE. Feb. 10, 2025 – The Sussex County real estate market closed out 2024 with a surge in home sales, even as prices showed signs of stabilization and homes took longer to sell.

According to the latest data, total sold dollar volume for December reached $263.75 million, reflecting a 23.3% year-over-year increase, though down 8% from November. Closed sales rose to 479 homes, a 27.4% jump compared to last year and 4.8% higher than the previous month—a clear sign that buyer demand remains strong.

While overall sales activity was up, home prices presented a mixed picture. The median sold price rose to $466,104, a 1.4% increase from December 2023 and 1.9% higher than November. However, the average sold price dropped to $547,960, down 4.3% year-over-year and 11.5% from the previous month, indicating that while more homes are selling, some higher-end sales may be tapering off.

At the same time, homes are taking longer to sell. The median days on market (DOM) climbed to 42 days, a 61.5% increase from last year and 55.6% higher than in November. The average DOM reached 58 days, up 7.4% year-over-year and 11.5% month-over-month—a shift suggesting that buyers are taking a more deliberate approach in their home searches.

Price per square foot trends also reflected this market shift. The median price per square foot fell to $226, down 5.8% YoY and 3% MoM, while the average price per square foot declined to $255, marking a 7.9% drop YoY and an 8.9% decrease MoM. These figures indicate some price adjustments as the market continues to balance supply and demand.

Despite longer market times and price recalibrations, Sussex County’s real estate market remained active to close out the year. The increase in closed sales suggests that buyers are still eager to purchase, even as they exercise more caution in pricing negotiations.  

Looking Ahead
As the market moves into 2025, factors like interest rates, inventory levels, and economic trends will likely shape buyer and seller behavior. While demand remains steady, sellers may need to approach pricing strategically as market conditions evolve.