As we enter February, let’s look at how the Kingston real estate market performed in January 2025. We’ll compare the latest data to December 2024 and flashback to January 2024 to see how trends are shaping up.
Kingston Market Overview
- Total Residential Transactions: 75 in January 2025, down slightly from 77 in December 2024. Compared to January 2024, when we had 80 transactions, we see a 6% decrease year-over-year.
- Days on Market: Homes stayed on the market for an average of 46 days, slightly up from 44 days in December. Interestingly, this is identical to January 2024, showing a consistent trend.
- Average Sale Price: The average sale price in January 2025 was $626,000, a notable increase from $595,000 in December 2024. Year-over-year, this represents a 10% increase from January 2024’s average price of $570,000.
- Months of Inventory: Kingston ended January with 4 months of inventory, remaining steady from December 2024 to January 2024.
What Does This Mean for Kingston Real Estate?
The market hasn’t shown drastic changes compared to last year, but a 10% rise in home prices suggests steady appreciation. The number of transactions has dipped slightly, indicating a stable but somewhat cautious buyer sentiment.
However, external factors could shake things up. With another interest rate decrease early this year, affordability could improve for buyers, potentially driving more demand in the coming months. On the other hand, ongoing trade tensions with the U.S. could introduce economic uncertainty, which might impact the housing market in unpredictable ways.
Stay Informed with Our Market Report
For a more in-depth analysis, download our Kingston Real Estate Market Report at kingstonrealestatemarket.com. Stay ahead of the trends and make informed buying, selling, or investing decisions.
See you next month for another market update!
