Market Update
Monthly Market Update
Regional Price Changes in the Bright Service (MLS) Area
We are fully into the pre-summer rush, and the coastal markets of Delaware and Maryland are showing plenty of holiday-weekend energy. This May, median sale prices are holding firm in the $445,000 to $455,000 range across our beach corridors. That's a steady 2% to 3% lift from last May, proving that coastal demand remains incredibly resilient even as the broader market finds a more stable baseline.
Compared to just last month in April, things have definitely kicked into a higher gear. New listings are tracking upward, bringing our active inventory to a healthier 4.5 months of supply. Buyers are taking full advantage of the extra choice, though well-priced properties aren't sitting around—average days on market have tightened slightly to about 38 days, down from April's low-forties average.
With mortgage rates hovering around 6%, both buyers and sellers seem to have accepted the new normal. For sellers, it means serious, qualified buyers are walking through your door. For buyers, it's a refreshing window where you actually have options to cross-shop before the peak summer season takes off.
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Recipe of the Month
Joanne's Slow-Cooked Baked Beans
Credit: Joanne O'Brien
Ingredients
- 1/2 pound bacon, chopped
- 1/2 pound ground beef
- 1 large yellow onion
- 1/2 c ketchup
- 1 tsp salt (or salt to taste)
- 2 tsp dry mustard
- 4 tsp vinegar
- 1/4 c brown sugar
- 1 c black beans (canned, rinsed)
- 1 c cannellini beans (canned, rinsed)
- 1 30 oz. can baked beans
- A dash or 2 of Worcestershire, cayenne and/or liquid smoke
Directions
- Preheat oven to 325 degrees.
- On top of the stove, cook the bacon. Once cooked, remove from pan.
- Add the onion and sauté for 5 mins on low, then add the ground beef. Cook until browned.
- Add the bacon and all of the remaining ingredients and stir well.
- Place cast iron pan in the preheated oven and cook at 325° for a minimum of 1 hour and up to 2.
