We’ve reached the halfway point of the year. School is out, and summer vacation is here. How’s the real estate market? Let’s have a look! Jordan Quaresma, Sales Representative with RE/MAX RISE Executives, Brokerage and Team Leader of the Quaresma Realty Group recaps the Kingston, Ontario real estate market for June 2022.
- Last month, Kingston saw 194 residential transactions, down from the 242 we saw in May. We are still down 21% year to date compared to the first six months of 2021.
- We averaged 14 days on the market in June, a significant climb from the ten we averaged in May. Although, year to date, we are down 5%.
- The average sale price for June was $668,000, down from the $694,000 we saw in May. The average sale price year to date is still up 20% over the same time period last year.
That concludes your Kingston real market recap for June. Based on the data, we are beginning to move toward a more balanced market. The average sale price is down 5%, and the average days on the market is up 55% since April. Although, an interesting stat, homes are still selling for above the list price at around 102%. Be sure to follow our blog and subscribe to our Youtube channel for our next market update. Thanks for watching!
