Have you been across the Waaban Crossing yet? Check out our latest Kingston real estate market – December 2022 recap filmed on the city’s newest bridge. See market details below 👇
Kingston Real Estate Market Stats – December 2022
- There were 73 residential transactions in Kingston, which is down from the 106 we had in November. This was the lowest monthly average we saw all year. We finished the year down 23% compared to 2021 and even down 19% compared to 2020.
- We averaged 36 days on market in December, which was up from the 28 we had in November. We finished the year with a 26% increase in time on the market over 2021, but we were actually down 21% compared to 2020.
- The average sale price was $622,000, which was slightly down from the $623,000 we saw in November. We finished the year with an average sale price of $659,000, which was up 11% from 2021 and up 38% from 2020!
That concludes our market updates for 2022. If you are interested in learning more about the ups and the downs of Kingston’s real estate market last year, trending locations, and an outlook for 2023 and beyond then join us for our free live webinar on Thursday, January 19th at 6:00 PM. Click here to reserve your spot.