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Kingston Real Estate Market – February 2023

An Article Created by the Quaresma Realty Group

Get ready for an exciting market update! Brought to you from the tranquil surroundings of Butternut Creek Park. 🌳 Tucked away in Kingston’s east end, this hidden gem offers the perfect setting for a leisurely stroll amidst nature’s beauty.🌿 We can’t wait to share all the latest news and updates with you, so let’s dive into the Kingston Real Estate Market – February 2023.

Kingston Real Estate Market Stats – February 2023
  • Kingston’s residential real estate market saw an increase in activity last month, with 107 transactions compared to 68 in January. However, year-to-date numbers show a 34% decrease compared to the same period in 2022.
  • In February, properties stayed on the market for an average of 33 days, down from 38 days in January. This represents a significant increase of 255% compared to the same period last year.
  • The average sale price in February was $659,000, up from $634,000 in January. However, the year-to-date figures show a 9% decrease compared to 2022.
  • Inventory levels also changed, with three months of inventory at the end of February compared to four months in January. Nonetheless, this represents an increase of two months or 250% compared to the same period in 2022. Despite this, we are technically still in a seller’s market.
  • Overall, the market showed positive signs in February, which is typical as we approach the spring market. If you found this information helpful, please share it with a friend, and stay tuned for next month’s update. Thank you for reading!

That concludes our Kingston Real Estate Market Update for February 2023. Thank you for watching, and see you next month! We hope you found this helpful, be sure to followΒ our blogΒ and like/subscribe to our channel onΒ YouTubeΒ for more videos just like this.

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