Kenly currently leans toward sellers, with the market gauge signaling a seller’s market. Months of supply sit at 2.5 in this rolling three-month window, well below the six-month level often associated with balance. Active listings have also edged down compared with a year ago, keeping options relatively limited for buyers.
Looking at prices, typical home values in the latest three-month period are almost unchanged year over year, rising less than 1 percent, while the median list price is up sharply by more than 25 percent. This gap suggests sellers are testing higher asking prices even as closed-sale values stay relatively stable. Homes sold have increased more than 30 percent from a year ago, indicating stronger buyer activity despite tighter inventory.
Time on market and selling dynamics paint a mixed picture. The median days on market over the past three months is 53 days, which is longer than last summer but far below some of the slow periods seen in 2024. About one-third of recent sales closed above list price, and the average sale-to-list ratio is just under 98 percent, showing that many sellers are still achieving near their asking price. Whether you are trying to stand out as a buyer or maximize your position as a seller, Agent Pronto can connect you with a Kenly real estate agent who understands these conditions.
