Welcome to our latest exploration of the Kingston Real Estate Market for March 2024. As the spring season unfolds, we’re diving into the latest trends and statistics shaping the local real estate landscape. March has brought a blend of increased activity, swift transactions, and stable market conditions, setting the stage for an energetic spring market. Join us as we analyze the figures and forecast what these could mean for Kingston’s real estate scene in the coming months.
Kingston Real Estate Market Stats – March 2024
- In March 2024, Kingston experienced 121 residential transactions, an increase from the 114 in February.
- The total number of transactions YTD has reached 315, marking a 5% decrease compared to the same period last year.
- Homes in March stayed on the market for an average of 29 days, shorter than the 39-day average in February.
- The overall average time on the market in 2024 to date is 38 days, up 20% from the same period last year.
- The average sale price in March was $641,000, remaining consistent with February’s average.
- The YTD average sale price is $618,000, showing a 2% decrease from the same period last year.
- March ended with 3 months of inventory, the same as in February.
- The YTD average inventory is 3 months, consistent with the same point last year.
These figures suggest that while the Kingston real estate market is seeing a slight decrease in transactions year over year, homes are selling faster as we enter spring. The stable average sale price and inventory levels indicate a steady market, albeit with a cautious eye on year-to-date trends compared to last year.
That concludes our Kingston Real Estate Market – March edition. 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.
