June 2025 Market Update & What It Means for You
The Kingston real estate market continues to evolve, and June’s numbers confirm what many on the ground are already seeing: more selection for buyers, steady demand, and a balanced playing field for those ready to make a move.
Prices Are Holding — With Strategic Wiggle Room
The average sale price in June was $634,769, a modest 2% dip year-over-year. The benchmark price, which reflects typical home values, actually increased by 2.3% from May, reaching $571,800. This tells us prices aren’t falling — they’re adjusting.
Homes are selling for an average of 98% of asking price, proving that well-priced properties still command strong offers.
Inventory Is Up – and That’s a Good Thing
June brought 764 new listings to the market, pushing total active listings to 1,445 — the highest level in nearly a decade. That’s created 4.1 months of inventory, offering buyers more breathing room and more time to make confident decisions.
Homes Are Still Moving – But the Pace Has Shifted
With 356 homes sold in June and a median time on market of 20.5 days, it’s clear that properties are still selling — but not overnight. This gives buyers time to evaluate, and sellers time to market right.
What This Means for You
For Sellers:
• You can still sell well – but strategy is everything.
• Pricing correctly, staging thoughtfully, and launching with a full marketing plan are the difference between sold and stale.
For Buyers:
• You’ve got more options than you’ve had in years.
• Rates remain historically low, with 5-year fixed rates starting at 4.24% and variable at 4.30% — giving you room to act confidently.
For Everyone:
• This is a balanced market – rare, and full of opportunity for both sides.
• The right advice and timing matter more than ever.
Have questions or want to talk strategy?
Call or text us anytime — we’re here to help.
Jay Gazeley
📱 613-561-4653
📧 jay@gazeleyrealestategroup.ca
Sean Gazeley
📱 613-888-9267
📧 sean@gazeleyrealestategroup.ca
Turner Gazeley
📱 613-876-5406
📧 turner@gazeleyrealestategroup.ca