The Kent County housing market in February 2026 continued to show strong price growth and extremely limited inventory, even as overall sales activity slowed compared to last year. Fewer homes came onto the market and transactions declined slightly, but the continued imbalance between supply and demand kept upward pressure on home prices.
New Listings and Pending Sales Ease Slightly
New listings declined 8.4%, falling from 416 in February 2025 to 381 in February 2026. This drop means fewer options for buyers as the market moves closer to the spring season.
Pending sales also decreased 3%, from 404 to 392, suggesting buyer activity slowed modestly year over year. While demand remains present, some buyers may be navigating affordability challenges or waiting for more homes to hit the market in the coming months.
Closed Sales Decline While Homes Take Slightly Longer to Sell
Closed sales decreased 7.1%, dropping from 394 to 366. This decline reflects the reduced pending activity seen in recent months. Homes also took slightly longer to sell, with days on market increasing 5.9%, from 34 to 36 days.
Even with this increase, homes are still selling in just over a month on average, which remains relatively fast compared to historical norms.
Home Prices Continue to Climb
Home values saw strong year-over-year growth in February. The median sales price increased 5.1%, rising from $332,500 to $349,450. The average sales price also grew 2.6%, moving from $389,131 to $399,246.
These price gains reflect continued demand and the impact of extremely limited housing supply across Kent County.
Inventory Tightens to Less Than One Month
Months supply of inventory dropped another 11.1%, decreasing from 0.9 months to just 0.8 months. A balanced housing market typically has five to six months of inventory, meaning Kent County remains firmly in a seller-leaning environment.
With less than a month of housing supply available, competition for well-priced homes is likely to remain strong as the market approaches the spring buying season.
What This Means for Buyers
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Inventory remains extremely limited at just 0.8 months of supply
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Home prices continue to rise, with median prices up over 5% year over year
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Homes are still selling quickly despite a slight increase in days on market
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Buyers may benefit from preparing early as the spring market approaches
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Being pre-approved and ready to act quickly can help when competing for homes
What This Means for Sellers
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Tight inventory continues to create favorable conditions for sellers
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Rising home prices provide an opportunity to maximize equity
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Serious buyers remain active even as overall sales activity slows slightly
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Well-priced homes are still selling relatively quickly
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Listing before the spring surge of inventory may help sellers stand out in the market
Market Outlook
February 2026 highlights a market where supply constraints continue to shape conditions. While new listings, pendings, and closed sales all declined compared to last year, strong price growth and shrinking inventory show that demand remains steady. As the spring market approaches, additional listings will be key to determining whether the market becomes more balanced or continues to favor sellers.
