Kingston Market Statistics February 2021
Friday Mar 05th, 2021
The numbers don't lie. The housing market continues to be on a tear in our beautiful eastern Ontario city.
The Kingston and Area Real Estate Assocation (KAREA), of which I serve as a proud board member, released the most recent statistics which show brisk sales in February 2021. The average detached home price exceeded $600,000 for the first time ever. A lack of inventory, and an increase in the number of buyers has contributed to the dramatic increase. Year over year, that marks an almost 40% increase in home price. Hopefully as we move into the traditional buying season, prices will stabilize and we will see more stability.
In the meantime, this is an excellent opportunity for sellers to start preparing for the market. If you would like to discuss any aspect of selling, or buying, don't hesitate to call me at 613-572-3613. I'm happy to assit you.