Welcome to Bayview waterfront park nestled between Bath and Amherstview. A serene oasis where you can relax and unwind on a hot summer day while being surrounded by stunning views. Join us as we unveil the latest market updates and provide insight into Kingston’s dynamic real estate landscape. So, let’s dive into “Kingston’s Real Estate Market – June 2023” and explore some of the market trends that shape Kingston’s real estate scene.
Kingston Real Estate Market Stats – June 2023
- Decrease in residential transactions, with 156 transactions in June compared to 240 transactions in May.
- Year-to-date, there have been 915 transactions, which is down 18% compared to the same period last year.
- Average days on the market was 23, slightly up from 20 in May. Year-to-date, the average is 27 days on the market, up 173% from last year.
- Average sale price was $648,000, up from $631,000 in May. Year-to-date, the average sale price is $635,000, down 9% from the same period last year.
- At the end of June, there were three months of inventory, slightly up from the two in May. Year-to-date, the inventory is just under three months, up from one month at the same time last year.
- The drop in transactions and the increase in inventory may indicate the beginning of the summertime market or the effects of increased mortgage rates. Next month’s update is bound to provide more insights into the market trends.
That concludes our Kingston Real Estate Market Update for June 2023. 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.
