03/30/2026
📊✨ Spring Market Update for Kent County, Delaware! ✨📊
The real estate market in Kent County is heating up as we head into spring🌸 Here’s what’s happening right now:
🏡 Inventory Is on the Rise
We’ve seen a big jump in homes hitting the market. New listings are up 45% since January! With inventory increasing from a 3.0 to a 5.6 months supply, the market is moving toward a more balanced state (4-6 months is considered neutral). Great news for buyers looking for more choices!
💰 List Prices vs. Sale Prices
Sellers are aiming higher, with median list prices rising to $389,450 in March. Meanwhile, sold prices have remained fairly steady around $332,750 which indicates buyers are staying strategic and negotiating carefully.
📈 Buyer Activity Is Picking Up
Pending sales climbed from 109 to 159 since January, a clear sign that buyers are active and taking advantage of increased inventory as we enter the busy season.
⏳ Homes Taking a Bit Longer to Sell
Days on market have increased slightly from 57 to 62 days, giving buyers a bit more time to explore options and make decisions.
Whether you’re buying or selling, this evolving market is creating opportunities on both sides. More homes, active buyers, and steady pricing make this a great time to plan your next move so give me a call today 📲🙋🏼♀️