Homes on the Market
Between, January 2000 to December 2005 the lowest number of homes on the market was in March 2004 for a total of 622 and it’s highest of 851 in November 2005. That’s an average of 675 homes on the market monthly, over a 5 year span.

In January of 2006 homes begin to climb from 916 to its all time high in August 2009 to 1883. That’s an average of 1567 homes on the market monthly, in a 46 month span. That’s a 232% average increase of homes on the market.

Homes Pending
January 2000 to December 2005 the lowest number of homes pending was in Dec 2000 for a total of 81, to a high of 262 in April 2005. That’s an average of 163 homes pending monthly and a 24% average of listings pending monthly over a 5 year span.

January 2006 to present, lowest number of homes pending was in Dec 2008 for a total of 51, to a high of 230 in March 2006. That’s an average of 139 homes pending monthly and a 13% average of listings pending monthly over a 46 month span.

Homes Sold
January 2000 to December 2005 the lowest number of homes sold was in Jan 2000 for a total of 56, to a high of 268 in August 2008. That’s an average of 158 homes sold monthly and a 23% average of listings sold monthly over a 5 year span.

January 2006 to present, lowest number of homes sold was in Jan 2009 for a total of 58, to a high of 234 in June 2006. That’s an average of 135 homes sold monthly and a 9% average of listings sold monthly over a 46 month span.

Delaware Foreclosure timeline. Usually, after three or four months of not making a mortgage payment the mortgage company will send out collection letters and then an acceleration warning. Loss Mitigation could be available. Loss Mitigation is when the lender will work with the homeowner to negotiate the mortgage terms to keep the property from going into foreclosure. Some examples are short sale, deed in lieu of foreclosure,  possibile restructuring the mortgage. Otherwise, loan is referred to an attorney and a complaint is filed within 30 days. The Mortgagor (borrower) must appear in court to state why their home should not go to foreclosure. The court then decides if the mortgagor is in default.   If ruled in default an appraisal will be done to determine the value of the home and a sale date is set and the property is advertised, all within three months of the court ruling.   Mortgagor will receive notice within ten days of the sale. The sale date is when the property goes to Sheriff sale. The Sheriff sale usually happens by the time the mortgagor is in arrears approximately eight months. After the sale is final the transfer of ownership is completed in 30 -90 days and then the mortgagor is given notice by the Sheriff that they have 10 - 14 days to vacate the home.