KINGSTON REAL ESTATE MARKET RECAP – February 2021

Hey everyone, Jordan Quaresma here from RE/MAX Rise and the Quaresma Realty Group. It’s time now for your Monthly Market Update, this time for February 2021.

We’re still seeing absolutely absurd numbers here in the marketplace. We saw 214 sales last month in comparison to February 2020, where we saw 134. So, a little more sales activity. Here come the most staggering number of them all: the average sale price last month in the city of Kingston was $616,000. Yes, that is 100 percent accurate. I am not lying. Those are numbers straight from our MLS system. To give you a comparison, in February 2020, the average sale price was $468,000 city-wide. So, that’s quite staggering, year-to-date; in 2021, we’re actually at $597,000. Days on market, if we’re looking at days on market stats, we’re averaging 17 days on market in comparison to last year, where we averaged about 20 at this time. So, again, the numbers are, for lack of a better word, “insane” right now. We’re going to see if the trend continues going into the spring months, where we’re going to see a little more inventory hit the market with military transfers and whatnot. We’ll see what happens. I’ll be sure to keep you posted on all activity leading up to that.

Be sure to look for our next video, and again, until then, stay safe. Thank you very much, and have a great day.

Thanks.