Metropolitan Statistical Area (MSA):
Dover, DE is a Metropolitan Statistical Area (MSA) comprising counties including .
There is no doubt that the Dover, DE metropolitan statistical area (MSA) is a hotbed for real estate activity. The area has seen a steady increase in both home prices and sales volume over the past few years, and there are no signs of this trend slowing down anytime soon.
One of the main reasons for the strong real estate market in Dover is the strong economy. The unemployment rate in Dover is well below the national average, and wages have been steadily rising. This has led to more people having the financial means to purchase a home. Additionally, many people are relocating to Dover for work, which is also driving up demand for housing.
Another factor that is contributing to the strong real estate market in Dover is low interest rates. Interest rates on mortgages are still near historic lows, making it an affordable time to buy a home. This combination of strong economic conditions and low interest rates is expected to continue fueling the real estate market in Dover for the foreseeable future.