South Kensington is currently tilted toward sellers, with the market gauge indicating a seller’s market. Months of supply has climbed to 3.4 in the latest rolling three-month period, more than doubling from a year ago, which points to more options for buyers. At the same time, a typical home value around the mid-$900,000s and a median list price just above that level show that prices remain relatively high even after recent declines.
Looking at pricing trends over this rolling three-month view, both the typical home value and median list price are down roughly mid-teens percent compared with a year earlier, suggesting some easing from prior peaks. Yet homes that do sell are still performing well, with the average sale-to-list ratio just above 101 percent and 35 percent of sales closing above list price, up notably from a year ago.
Buyer and seller activity has cooled, as homes sold are down more than 20 percent year over year and pending sales are also lower, even though new listings have edged up. Homes are taking a bit longer to move than last fall, now spending a typical 27 days on the market, but more than half still go off-market within two weeks, reflecting solid demand. Whether you are a buyer navigating these shifting conditions or a seller aiming to price strategically, Agent Pronto can connect you with a local South Kensington agent who understands this market.
