According to TREND, the tri-state MLS system, the market watch for Kent County is still showing a slight buyer's edge, but with a miniscule pendulum swing towards being a seller's market. In September, the average sold price was $196,200 with 126 homes sold. October edged up slightly to an average of $208,600 with 123 homes sold. This reflects a decrease in the number of sales, but an increase in the average home price; one indicator of the market shifting back to the seller's advantage. The current mid-month average is now $198,000 with 36 homes still pending for November, for a projected 70 units to be sold. The October days on the market dropped from a previous month's average of 116 to 107 days. Mid-November's average days on the market is now 118 days.
Showing posts with label Kent County Market Watch. Show all posts
Showing posts with label Kent County Market Watch. Show all posts
Saturday, November 14, 2009
The Mid-November Market Statistics for Kent County Delaware
According to TREND, the tri-state MLS system, the market watch for Kent County is still showing a slight buyer's edge, but with a miniscule pendulum swing towards being a seller's market. In September, the average sold price was $196,200 with 126 homes sold. October edged up slightly to an average of $208,600 with 123 homes sold. This reflects a decrease in the number of sales, but an increase in the average home price; one indicator of the market shifting back to the seller's advantage. The current mid-month average is now $198,000 with 36 homes still pending for November, for a projected 70 units to be sold. The October days on the market dropped from a previous month's average of 116 to 107 days. Mid-November's average days on the market is now 118 days. 
Subscribe to:
Posts (Atom)