Immerse yourself in the tranquility of Little Cataraqui Creek Conservation Area, located in Glenburnie. Nestled just minutes away from urban life, this natural oasis mirrors the dynamic rhythm of the city’s housing landscape. Stay tuned as we shed light on the Kingston Real Estate Market – July 2023.
Kingston Real Estate Market Stats – July 2023
- July saw 127 residential transactions, down from 156 in June.
- Year-to-date, we’re at 1,042 transactions, a 17% drop compared to last year.
- Properties spent an average of 24 days on the market in July, the same as in June.
- Year-to-date, the average time on the market is 27 days, up 132% from last year.
- The average sale price for July was $621,000, down from $648,000 in June.
- The year-to-date average sale price is $633,000, an 8% decrease from last year.
- Kingston’s real estate market had a three-month supply of inventory in July, the same as in June.
- Year-to-date, we’re just below three months of inventory on average, a significant increase from last year’s one month.
- July marked the lowest monthly transaction count in the past decade.
- This slowdown impacts various aspects, including average days on the market and sale prices.
- The Kingston real estate market in July 2023 reflects a decline in transactions, a shifting pace, and fluctuations in pricing and inventory levels.
- It’s a dynamic period for both buyers and sellers as we bid farewell to the last month of summer.
- Stay tuned for our next update as we continue to track Kingston’s real estate market trends. Enjoy the rest of your summer!
That concludes our Kingston Real Estate Market Update for July 2023. Thank you for watching, and see you next month! We hope you found this helpful, be sure to follow our blog and like/subscribe to our channel on YouTube for more videos just like this.
