Here’s what happened last week in real estate in Kingston, 30% of the properties that sold were conditional. This is new! For the last two years, we have not been able to make conditional offers. So that’s good news for buyers. It’s good news for sellers too because buyers aren’t likely to back out if they’ve had the opportunity to get their financing straight and their home inspections.
Also of the home sold, 31 of them were under asking price and 16 were within $5,000 of asking price. 50 of them were above asking price. So there’s still a lot of that happening in the market, but it’s not bad news for sellers, but it’s awfully good news for buyers. So let’s go out and take a look at some houses.
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