Kingston, MA real estate market update...

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Market Trends

The Median Sale Price for a single-family home in Kingston, MA is up this year so far...

Let's dive into the Kingston, MA single family residential housing market as we pass the half way mark of August....

The Median Sale Price so far this year in Kingston is $441,000, up from $420,000 this time last year.  This represents a 5% increase.

Closed sales so far this year vs. last year in Kingston are up 20%!  This also coincides with listings being up this year about 20%.  Supply and Demand are still in balance although it is very close to a shortage of listings/inventory due to the high demand.  Right now, there is about 3.43 Months of Supply of Inventory in Kingston.

Median Days on Market for sales is down to 33 days this year vs. 40 last year at this time (about an 18% drop).  Days to Offer is 14 days so far this year, down from 24 this time last year.  That is a 42% drop!!  Again, the Demand is there!  Price your home right, and it will sell quickly!


The Median Sale Price as % of List Price is 99.13%, up nearly 1% from last year.  The Median Sale Price as % of Original List Price is at 98.03%, again, up over 1 percent from last year.

Listings are up this year at this time to 56 (we were at 52 this time last year, which is an 8 % increase).  Year to date listings are up nearly 20% to 200; up from 167 this time last year.

It is an absolutely awesome time to consider selling your home if you have been thinking about it.  When you factor in the rate cuts announced a couple weeks ago by the Fed, it just adds fuel to the fire.

 

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