Kingston December Housing Market Update
As January begins, the Kingston housing market shows big changes. December was busy, with more homes for sale, higher sales, and steady price growth. Here’s what you need to know:
New Listings Skyrocket by 85.1%
Sellers are stepping up. December saw 137 new listings—a huge jump from 74 last year. If you’re buying, now’s the time to explore your options. For sellers, standing out matters more than ever.
Homes for Sale Climb by 47%
Inventory reached 362 homes in December, compared to 246 last year. Buyers now have more choices, but competition remains strong. Sellers, it’s still your market if you price it right.
Prices Continue to Rise
The median sale price edged up 2.3%, reaching $567,500. Kingston’s market stays strong, with steady price growth signaling demand. Buyers, don’t wait—homes are still moving fast.
Sales Surge by 24%
December’s 88 sales marked a 24% increase from 2023. Homes are selling, and buyers are ready to act. Sellers, this is your moment to make the most of the market.
Supply Grows by 30%
The monthly supply rose to 3.14 months, up from 2.42. More homes mean more balance. But demand is still strong, and the best homes are going quickly.
What Does This Mean for You?
For Buyers: More homes are on the market, but competition remains. Act quickly. Have financing ready and lean on expert advice.
For Sellers: Buyer demand is high, and prices are holding steady. This is a great time to list, but make sure your home shines to stand out.
For Investors: Kingston is growing. Rising prices and steady demand make it a smart market for your next move.
Let’s Talk!
The Kingston market is full of opportunities. Whether you’re buying, selling, or investing, our team is here to guide you. Reach out for a free consultation or market evaluation today.
Warm regards,
Jay Gazeley
Gazeley Real Estate Group, eXp Realty, Brokerage
Phone: 613.561.4653
Email: jay.gazeley@exprealty.com
Website: www.gazeleyrealestategroup.ca
On behalf of the entire team:
Sean Gazeley – Phone: 613.888.9267 Email: sean.gazeley@exprealty.com
Turner Gazeley – Phone: 613.876.5406 Email: turner.gazeley@exprealty.com
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