Christopher Pataki Hockessin Delaware Real Estate

There are some real good signs for the housing market in New Castle County Delaware.

• Days on market continued to drop to under 70 days - lowest in the year
• New listings are jumping with over 950 new homes being listed in September
• Sold homes are up almost 100 units (6.5%) over the 3rd quarter 2008
• Pended homes were up 14% over the 3rd quarter 2008
• Homes sold on average 93% of original listing price

Lets hope this upward trend continues through the fourth quarter. It is a no secret that the First Time Homebuyer Tax Credit has helped make this improvement possible with upwards of 40% of homes being sold to first time home buyers. If you have not already done so, make sure to contact your Congressmen and Senators and let them know that we need to extend the housing tax credit.

Best wishes to a successful 4th Quarter.