Kilmarnock Real Estate Market Sees Sales Decline

Home sales in the Kilmarnock market have steadily topped the monthly average for some time. However, this week the numbers came down by 50.0% to come in at one home sold during the last 30 days. On the other hand, close-by Gloucester Point registered 23 homes sold in the same time frame, the most of all surrounding cities. Prices are rising in Kilmarnock, and the median sales price this period increased from $161,000 to $187,000. Along with the slip in sales, a relatively high 17 months of inventory indicates that Kilmarnock is a definite buyer's market.

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Demographic facts for Kilmarnock:

  • The average age of the population is 52 years old.
  • The health cost index score in this area is 99.4. (100 = national average)
  • The area's commuter length breakdown is: <15 min (60.3%), 15-29 min (21.0%), 30-44 min (7.6%), 45-59 min (2.4%), >60 min (8.7%).

Data reported through 10/12/2016

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