Jordan Quaresma, Sales Representative with RE/MAX RISE Executives, Brokerage and Team Leader of the Quaresma Realty Group recaps the Kingston Real Estate Market for March 2022.
Your Kingston Real Estate Market Update for March 2022
Spring is here and the snow is gone. So what does that mean for the real estate market? Let’s have a look!
- Last month Kingston saw 202 residential transactions, which is up from the 164 we saw in February. Year to date, this is down 25% or the equivalent of 153 transactions over the same time period last year.
- Homes averaged 7 days on market in March, which was 2 days fewer than February. Year to date, we are averaging 9 days on the market which is down 52% when compared to the same time period of 2021.
- The average sale price for March was $722,000 which is slightly down from the $732,000 we saw in February. Year to date, we are up 24% or $137,000 over the same time period last year.
That concludes your Kingston real market update for March 2022. April is historically one of the busiest months for transactions. Are we going to see transactions skyrocket and the average sale price climb over $750,000? Or are raising interest rates and new housing policies going to level out the market? We’ll all have to wait and see! Thank you for watching and see you next month!
For more Kingston real estate market updates, click here.
