Unlock the Secrets of Kent County’s Real Estate Market with Kevin Southwick – Market Insights & Opportunities for 2025

In the ever-changing world of real estate, staying informed about market trends is invaluable to buyers and sellers. I’m Kevin Southwick, and I am excited to bring you exclusive insights into Kent County’s real estate and what it means for your next transaction.

Kent County offers 1,002 active listings with an average price of $507,000. Properties here typically stay on the market for about 65 days. A substantial 680 properties are under contract, hinting at strong buyer interest. Reflecting recent market activity, an impressive 2,564 homes were sold over the last 120 days, averaging a sale price of $387,000. These homes moved quickly, needing just 23 days to find new owners.

Understanding broader trends is important with the national market constantly evolving, particularly during an election year. Evidence shows that election cycles historically impact home prices, with seven of the last eight seeing price increases. Since 1980, home sales have grown in nine out of ten post-election years. Interest rates for 30-year conventional loans currently sit around 6.8%, with expectations of a decline as the election approaches.

The U.S. housing market remains promising, with forecasts of 4.6 million home sales this year and growth by approximately 3-4% next year, projecting the sale of 5.2 million units. This anticipated growth offers strategic opportunities for buyers and sellers in Kent County.

Whether you’re contemplating buying, selling, or just curious about market shifts, I’m here to assist and guide you every step of the way. These market insights equip you to make informed decisions and strategize effectively for the future.