Coldwell Banker Releases 2015 Home Listing Report

Coldwell Banker released its 2015 Home Listing Report (HLR), which ranks the affordability of eight real estate markets in Delaware. The Coldwell Banker® HLR named Millsboro the most affordable market in Delaware with an average listing price of $205,442 while the Newark/Bear markets in New Castle County ranked as the most expensive in the state, with an average listing price of $357,533.

The annual report is the most extensive home price comparison tool currently available in the United States, ranking the average listing price of four-bedroom, two-bathroom homes in more than 2,700 markets. While other affordability reports provide average or median prices for all homes in a given area, the Coldwell Banker Home Listing Report analyzes more than 81,000 four-bedroom, two-bathroom home listings to better address how much a home in one market would cost if the same home were located somewhere else in the country.

“The closer one moves to urban centers, the higher the average prices increase, and that’s not surprising,” said David Krieger, president of Coldwell Banker Preferred. “With close proximity to both Philadelphia and Baltimore, communities such as Newark and Bear are popular with those seeking larger, single-family homes with easy access to major business centers.”

Delaware Rankings from Affordable to Expensive

1. Millsboro, $205,442

2. Seaford, $207,315

3. Felton, $252,650

4. Dover, $256,701

5. Magnolia, $261,866

6. Wilmington, $281,311

7. Middletown, $354,736

8. Newark/Bear, $357,533

Full data for Delaware, and how it ranks against other states, is available on the Coldwell Banker Home Listing Report website.

About the 2015 U.S. Home Listing Report (Methodology):

The Coldwell Banker® U.S. Home Listing Report analyzes the average listing price of four-bedroom, two-bathroom real estate properties on coldwellbanker.com between December 2014 and June 2015 for 81,417 listings in 2,722 markets. The Coldwell Banker franchised affiliates, as well as other franchise brands associated with Realogy Holdings Corp, contribute to listings on coldwellbanker.com. Markets without at least 10 four-bedroom, two-bathroom listings on coldwellbanker.com between December 2014 and June 2015 were excluded from the ranking.

About Coldwell Banker Preferred

Coldwell Banker Preferred has ten offices and a sales force of nearly 650 affiliated sales associates and staff serving the communities of the Greater Philadelphia area and the Delaware Valley, including northern Delaware and southern New Jersey. Coldwell Banker Preferred is part of NRT LLC, the nation’s largest residential real estate brokerage company. For more information visit: www.ColdwellBankerHomes.com.

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