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Kingston Real Estate Market – November 2022

An Article Created by the Quaresma Realty Group

With the recent national headlines, the following local real estate information may surprise you. Let’s recap the Kingston real estate market for November 2022.

Jordan Quaresma, Sales Representative with RE/MAX RISE Executives, Brokerage and Team Leader of the Quaresma Realty Group recaps the Kingston, Ontario real estate market for November 2022.
  • There were 106 residential transactions in Kingston, which is up from the 101 we had in October. Year to date, we are down 35% compared to the same time last year.
  • We averaged 28 days on market in September, up three days from the 25 we saw in October. Year to date, that’s 15% longer than the same time period in 2021.
  • The average sale price was $623,000, slightly up from the $615,000 we saw in October. The average sale price year to date is up 12% compared to the same time period last year.

Depending on if you are a buyer or seller, the decrease in transactions and the increase in days on the market can either be frustrating or a breath of fresh air. Whichever side of the fence you are on, I’m sure you’re surprised that the average sale price has remained relatively constant, with even a slight increase from October and up 12% over last year. I don’t know about you, but I’m looking forward to seeing how we finish the year. Happy Holidays! Thank you for watching; see you in 2023.

That’s your recap for the Kingston real estate market for November 2022. 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.

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