Churchill Park– a beautiful location in downtown Kingston for afternoon strolls, wedding photos… and real estate updates! Nestled among charming homes and quaint streets, this park is a beloved spot for locals and visitors alike. And today, we’re thrilled to be bringing you our Kingston real estate market update from this lovely park. So let’s dive into the Kingston Real Estate Market – March 2023!
Kingston Real Estate Market Stats – March 2023
- In March 2023, there were 156 residential transactions in Kingston, up from 107 in February. Year-to-date, there have been 331 transactions, down 29% compared to the same period in 2022.
- Properties stayed on the market for an average of 24 days in March, down from 33 days in February. Year-to-date, the average days on market is 32, up 252% compared to the same period in 2022.
- The average sale price in March was $590,000, down from $659,000 in February. Year-to-date, the average sale price is $632,000, down 12% compared to the same period in 2022.
- At the end of March, there were two months of inventory, down from three months in February. Year-to-date, there are three months of inventory, up from one month in the same period in 2022.
- Overall, the market is showing some positive signs, with transactions increasing and properties selling faster. However, the average sale price is still somewhat low, and inventory levels are still relatively low.
That concludes our Kingston Real Estate Market Update for March 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.
