As we move through 2025, let’s look at how the Kingston real estate market performed in February and assess year-to-date trends. Understanding these insights can help buyers and sellers make informed decisions with changing conditions, interest rates, and economic factors.
February 2025 Market Overview
- Total Residential Transactions:
- 93 transactions in February, up from 75 in January.
- Year-to-date: 168 transactions, down 13% compared to the same period last year.
- Days on Market:
- Homes stayed on the market for an average of 34 days in February, down from 46 in January.
- Year-to-date: Average of 40 days on the market, which is 8% lower than last year.
- Average Sale Price:
- $589,000 in February, down from $626,000 in January.
- Year-to-date: Average sale price of $607,000, roughly the same as this time last year.
- Inventory Levels:
- February ended with 4 months of inventory, the same as January.
- Year-to-date: 4 months of inventory, up 14% compared to last year.
Key Trends to Watch in the Spring Market
As we approach the busy spring market, there are two significant factors to keep an eye on:
- Declining Transactions – Year-to-date, transactions are down 13%, signalling lower activity in early 2025. Whether this trend will continue or the market will pick up momentum in the coming months remains.
- Shorter Days on the Market – Homes are selling faster than last year, with the average time on the market already declining. Whether this is a short-term fluctuation or a sign of increased buyer urgency remains to be seen.
What’s Next?
External factors such as interest rates, economic uncertainty, and trade policies will continue to shape market conditions. With potential buyer confidence and affordability shifts, staying informed is essential.
We’ll continue monitoring these trends as we move into the spring market.
Remember to check back next month for another Kingston real estate market update!
