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Delaware County Labor Market
In the first two months of the second quarter, 2,890 jobs were added to the payrolls of Delaware County. As a result of these new jobs, the average monthly employment rate fell from 4.8% during the first quarter to 4.7% for April and May. The strong employment climate may help to create demand for home purchases. Favorable mortgage rates should augment this trend.
Delaware County Housing Market
| Q1 08 | Q1 08 | Q2 2008 (Forecast) | |
| Average Price | $247,600 | $272,300 | Up |
| # Homes on the Market* | 3,533 | 5,070 | Same |
| " Homes Sold | 1,119 | 1,704 | Down |
| #New Homes Built ** | 60 | 76 | Down |
| Average # of Days on Market | 74 | 69 | Up |
* Available as of June 30 2008
** During the first two months of 2nd quarter
This information has been reprinted from the Economic and Market Watch Report with permission from TREND.
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