Rebounding Housing Market
This week RBC issued a report that said the housing market is rebounding. And they talked about major cities, Toronto, Vancouver, and Montreal. And that more listings are available.
Well, that is true in the Kingston real estate market.
Last year we had 359 properties listed for sale.
This year in April, we had 629, a 75% increase.
That’s great news for buyers. You’ve got more options out there for sellers.
This April’s average selling price was $635,000, which is still good and healthy.
The difference is the days on the market.
It’s taking longer to sell a home. The average rate now is 27 days on the market. Last year it was 10.
If you’re interested in what that means for you, contact us.
Watch the market update here