The housing market is all over the news, so what are things like right now in Kingston? According to Remax Canada, Kingston may currently be one of Canada’s hottest housing markets. This is primarily due to low supply and eager buyers. Jordan Quaresma, Sales Representative with RE/MAX RISE Executives, Brokerage and Team Leader of the Quaresma Realty Group recaps the Kingston Real Estate Market for April 2022.
- Last month in April, we saw 216 residential transactions, up from the 202 we saw in March. Year to date, we are down 27% over the same time period last year.
- We averaged nine days on the market in April, two days more than March. In comparison to last year, year to date, we are down 46%.
- The average sale price for April was $703,000, down from the $722,000 we saw in March. The average sale price year to date is still up 22% over the same time period in 2021.
That concludes your Kingston real estate market recap for April 2022. We could be looking at the early signs of the market balancing out with the rising interest rates. Still great evaluations for sellers but potentially a bit more opportunity for buyers. The market is changing quickly, and we’re watching the trends closely. If you have any questions about our quickly changing market, please don’t hesitate to reach out. Thank you for watching, and see you next month!
For previous market recaps, click here.
