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Kingston Real Estate Market – June 2024

An Article Created by the Quaresma Realty Group

Welcome to our latest update on the Kingston real estate market for June 2024. This month’s report reveals interesting trends and key metrics that shed light on the current state of the market. From transaction volumes to average sale prices and inventory levels, we’ll cover all the important details to keep you informed and help you navigate the ever-changing real estate landscape in Kingston.

Brought to you by Jordan Quaresma, Sales Representative with RE/MAX RISE Executives, Brokerage, and Team Leader of the Quaresma Realty Group.
Kingston Real Estate Market Stats – June 2024
  • June recorded 197 residential transactions, down from 218 in May.
  • Year-to-date transactions totaled 930, showing a 2% increase compared to the same period last year.
  • Homes sold in June spent an average of 27 days on the market, slightly higher than the 25 days in May.
  • Year-to-date average days on market stand at 32, marking a 16% increase over last year.
  • The average sale price in June was $661,000, the same as May.
  • Year-to-date average sale price stands at $641,000, indicating a modest 1% increase compared to last year.
  • June ended with 3 months of inventory, the same as in May.
  • Year-to-date average remains at 3 months, indicating stability compared to the previous year.
  • June’s data suggests ongoing activity in the Kingston real estate market, with positive signs for the future.
  • Future trends will likely be influenced by factors such as interest rate fluctuations and inventory levels.
  • Monitoring market indicators will be essential to anticipate and adapt to evolving conditions.

That concludes our market update for May. Thank you for watching, and see you next month! Be sure to follow our blog and like/subscribe to our channel on YouTube for more videos just like this.

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