Kent County Market Trend

Kent County, July 2011

Market History

For Kent County, the Average Settled Price in July 2011 was $195,000. Related to that, 98 listings Settled in July 2011.

Single-Family July 2010 July 2011

Inventory 1,623 1,471

Settled Units 107 98

Median Price $197,000 $182,000

Stl Price/Orig Price 90.7% 93.3%

Single-Family YTD July 2010 July 2011

Settled Units 763 642

Average Price $200,000 $180,000

Median Price $195,000 $175,000

Stl Price/Orig Price 92.5% 91.1%

• Single-Family Year-to-Date Report

• Condo Year-to-Date Report Year-to-Date Market Snapshot

In July 2011, Kent County settled 642 units at an average price of $180,000.

Kent County Delaware Market Watch

According to TREND, the tri-state MLS system, the pendulum swing from the buyer's to the seller's is showing a more concrete shift. As previously reported here, in September, the average sale price was $196,200 with 126 homes sold. October edged up slightly to an average of $208,600 with 123 homes sold. A slight and expected dip in November's average was $195,266 reflecting 133 homes being sold, but then December, the historically lower month of home sales, rebounded to an average home sales price of $210,663, even though only 74 homes sold. This end-of-year sales from the quarter's beginning, shows a 7 percent sales price increase, while at the same time, a 42% decrease in the actual number of homes being sold. The Nov/Dec days on the market held a predictable and respectable number of days; 108 for November and 135 in December for an average of 118 days.