Hi, Jordan Quaresma from Remax Rise and the Quaresma Realty Group. It’s real estate market update time, this time for June 2021.
First off, we are slightly delayed this month. The Kingston and Area Real Estate Board just switched our backend system so there is a glitch in some of the data later in the month so we may be somewhat skewed.
Last month we saw 229 Transactions which was 31 fewer than May. Year to date, we are sitting at 1425 transactions which is still 45% more than at the same time period last year.
In terms of how fast homes are selling, The average number of days on market was 11 for June which is one day slower than May. Although, Year to date we are averaging 15 days on market which in comparison to same time period last year, homes are selling 40% quicker.
Last month, The average sale price was $592,000 which is nearly the exact same as the month previous. Year to date we are at $584,000, which is up 29% over the same time period last year.
It seems to be we are holding steady here throughout the summer. The market almost seems to be differing on a weekly basis. Some homes are still selling extremely quickly and at a premium price for their respective locations while others are on the market slightly longer than average or not seeing the type of offer volume that we saw in the spring. With that said, there are a number of different factors for that – every home is unique.
That concludes your market update for Kingston this month. As always, if you have any questions regarding the information we shared or anything real estate, feel free to reach out to us by visiting our website quaresmagroup.com. Thank you and have a great day!