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| APRIL 2025 | |||
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| Units Sold 18 |
Active Inventory 76 |
Median Sale Price $309,000 |
Days On Market 62 |
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| Down -50% Vs. Year Ago |
Up 4% Vs. Year Ago |
Down -5% Vs. Year Ago |
Up 17% Vs. Year Ago |
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Units Sold
The number of units sold remained stable in April, with 18 sold this month in Kent County Real Estate. This month's total units sold was lower than at this time last year, a decrease of 15% versus April 2024. |
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Active Inventory
Versus last year, the total number of homes available this month is higher by 3 units or 4%. The total number of active inventory this April was 76 compared to 73 in April 2024. This month's total of 76 is lower than the previous month's total supply of available inventory of 78, a decrease of 3%. |
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Median Sale Price
Last April, the median sale price for Kent County Homes was $324,000. This April, the median sale price was $309,000, a decrease of 5% or $15,000 compared to last year. The current median sold price is 10% lower than in March. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median. |
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| New Listings 29 |
Current Contracts 24 |
Sold Vs. List Price 97.5% |
Months of Supply 4.2 |
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| Down -15% Vs. Year Ago |
Down -23% Vs. Year Ago |
Down -1.8% Vs. Year Ago |
Up 108% Vs. Year Ago |
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Months of Supply
In April, there was 4.2 months of supply available in Kent County, compared to 2.0 in April 2024. That is an increase of 108% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand. |
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New Listings & Current Contracts
This month there were 29 homes newly listed for sale in Kent County compared to 34 in April 2024, a decrease of 15%. There were 24 current contracts pending sale this April compared to 31 a year ago. The number of current contracts is 23% lower than last April. |
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Sale Price to List Price Ratio
In April, the average sale price in Kent County was 97.5% of the average list price, which is 1.8% lower than at this time last year. Days on Market
This month, the average number of days on market was 62, higher than the average last year, which was 53, an increase of 17%. | |||
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| *Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. | |||
 Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |
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