Kensington Real Estate Market Continues Weakening in Contracts

Sales remained steady from last week to this week, with three homes sold in the Kensington market over the last 30 days. However, an identifiable downturn in the number of pending transactions continued, with zero completed in the same period. The median sales price rose to $782,000, up from last week's $660,000. Despite the falling contracts numbers, there are only two months of inventory remaining, indicating that Kensington is a still strong seller's market.

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Demographic facts about Kensington:

  • There are 4,649.5 people per square mile in this area.
  • The lifestyle rating for this area is 71. (Scale: 1 = Worst, 100 = Best)
  • 58.9% of the residents travel to work in an automobile, 6.4% via carpool, and 19.3% by way of public transit.

Data reported through 10/12/2016

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