Welcome to our in-depth look at the Kingston Real Estate Market – January 2024. As we step into a new year, the market has already begun to show signs of the trends that could define the months to come. From transaction numbers to average days on market, January has set the stage for what we can expect in 2024. Whether you’re a buyer, a seller, or simply keeping an eye on the market, our analysis provides essential insights into the current state of real estate in Kingston. Join us as we break down the numbers and explore what January’s market dynamics mean for the year ahead.
Kingston Real Estate Market Stats – January 2024
- In January 2024, Kingston recorded 80 residential transactions, a slight decrease from the 84 transactions in December 2023.
- Compared to January 2023, there was an 18% increase in the number of transactions.
- The average time homes spent on the market in January was 46 days, an increase from 42 days in December.
- When comparing January 2024 to January 2023, days on the market were up by 21%.
- The average sale price in January was $570,000, showing an improvement from December’s $543,000.
- However, this represents a 10% decrease when compared to the average sale price in January 2023.
- Inventory levels decreased to 4 months in January from 5 months in December, matching the inventory level of January 2023.
- The market is displaying signs of increased consumer confidence with a rise in transactions, though the decrease in inventory suggests a more competitive market ahead, especially for homes at or below the average sale price.
That concludes our Kingston Real Estate Market – January 2024 edition. 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.
