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.
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