Jordan Quaresma, Sales Representative with RE/MAX RISE Executives, Brokerage and Team Leader of the Quaresma Realty Group recaps the Kingston, Ontario real estate market for January 2022.
Your Kingston Real Estate Market Recap for January 2022.
- In January 2022, we saw 103 residential transactions, a slight increase from December. Year to date, we were down 13% in comparison to January 2021.
- The average days on market in 2022 was 11 days, 4 days fewer than December. Year to date in comparison to last year, we are down 59%.
- The average sale price for January was $681,000, which is a significant change from the $605,000 we saw in December 2021. That’s a difference of 12.5%, in one month! When comparing to the end of January 2021, that’s an increase of 31%.
What do you think we will see in the months to come and throughout the year 2022? We understand the quickly changing market can be stressful for buyers and sellers. It helps to have a real estate agent who pays attention to the trends and is knowledgeable of the current market. If you have any questions, please do not hesitate to reach out. We are happy to help you with any concerns and provide you with our educated perspective. We are on your side, and we are here for you.
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