New Kent County Real Estate Market Continues Weakness in New Listings

Over the last 30 days, an established downward trend of new sellers coming into the New Kent County market continued, with 37 listings in this week's report. Meanwhile, sales fell, with 29 homes selling during the same period. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. The median sales price dropped to $232,000, down from last week's $233,500. With decreasing sales and the availability of seven months of inventory, New Kent County is a definite buyer's market.

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Demographic facts for New Kent County:

  • The total number of households here is 6,813.
  • The unemployment rate for this area is 6.3%.
  • Schools spend an average of $4,654 for each student in this area. ($5,691 = national average)

Data reported through 1/12/2017

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