Mon Jul 06 2020
This week the median list price for Kensington, MD is $914,000 with the market action index hovering around 69. This is an increase over last month's market action index of 65. Inventory has held steady at or around 14.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$914,000|
|Per Square Foot||$272|
|Days on Market||71|
|Strong Seller's Market|
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,895,000||6,609||0.25 - 0.5 acre||5||5||0||0||0||39|
|$1,289,000||4,655||6,500 - 8,000 sqft||5||4||0||1||1||35|
|$824,500||3,558||0.25 - 0.5 acre||3||2||63||0||2||180|
|$554,500||1,840||6,500 - 8,000 sqft||4||2||64||2||1||12|