Kingston MLS Statistics - February 2011
So what's going on in the Kingston, Ontario housing market?
While the number of listings remains relatively unchanged from last year, the year-to-date MLS statistics for Kingston as of the end of February 2011 show a much cooler market than the same time period last last year.
Statistics as of the end of February, 2010
Listings: 1314
Sales: 432
Statistics as of the end of February, 2011
Listings: 1306
Sales: 356 (a drop of 17.6%)
Interestingly, the average residential price, year-to-date, is $263,812, compared to $259,025 for all of 2010 - an increase of just under 2%.
What does this mean? Sellers should be working hard to ensure that their listings are priced appropriately. With less Buyers in the market, there is less tolerance for properties that are even a little bit over priced.
If you are looking to list your Kingston, Ontario home for sale, make sure you are working with a Realtor who knows what is going on in the market.
Call me anytime if you want more information,
Tim Barber
Broker
RE/MAX Realty Concepts Corp., Brokerage
851 Norwest Road
Kingston, Ontario
K7P 2N2
(all offices are independently owned and operated)
direct: (613) 328-4070
office: (613) 389-7777