Kent County Market Update: February 2025

Welcome back to our monthly Kent County real estate market update! As we move further into 2025, the market continues to demonstrate a unique blend of speed and stability. Let’s dive into the key numbers for February.

Inventory Remains Tight

One of the most significant indicators we’re seeing is the extremely low inventory. Currently, we have only 1.2 months of available inventory. This means that, at the current rate of sales, it would only take about six weeks for all the homes on the market to be sold. This continued scarcity of homes is a major driver in the market’s dynamics.

Homes Selling Quickly

Reflecting the low inventory, homes in Kent County are moving remarkably fast. The average days on market (DOM) is just 32 days. This underscores the importance of being prepared and acting quickly if you’re a buyer in this competitive landscape.

Average Sales Price Continues to Rise

The average sales price for February 2025 landed at $370,486. This upward trend signifies continued appreciation in property values within Kent County. Factors such as low inventory, consistent demand, and overall economic conditions contribute to this growth.

Key Takeaways:

• Seller’s Market: With only 1.2 months of inventory and homes selling in just over a month, it’s undeniably a seller’s market.
• Buyer Urgency: Buyers need to be pre-approved, decisive, and ready to act quickly. Working with an experienced local agent is crucial in navigating this fast-paced market.
• Price Appreciation: The rising average sales price indicates a healthy market, but also highlights the importance of understanding current market values.

What This Means for You:

• For Sellers: This is an excellent time to list your property. The combination of low inventory and high demand means you’re likely to receive multiple offers and achieve a strong sale price.
• For Buyers: Be prepared for competition. Have your financing in order, work with a knowledgeable agent, and be ready to make competitive offers.
• For Investors: The rapid sales and price appreciation make Kent County an attractive market for real estate investment.

Looking Ahead

We’ll continue to monitor these trends closely and provide you with regular updates. As we move into the spring market, we anticipate continued activity and potential shifts.