PRESS RELEASE from the Kingston and Area Real Estate Association

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PRESS RELEASE from The Kingston and Area Real Estate Association August 9, 2012

Single Family Residential Home sales rebounded in July from the unexpected slower than usual June. Compared to July 2011 when 253 homes exchanged hands, sales of 307 units this July was up by 21.3% but down only slightly from June by 4.7%. Year-to-Date July, unit sales remain higher than the same period in the previous year by 8.6%. The average price of homes sold in the month of June was $282,503, basically at par with July 2011, while the 12 Month average price held at $275,215, an increase of 2.1% over the previous 12 Month period.

As of July 31, 2012, there were 2,538 Active Listings in the Kingston area, of which 1,630 were Residential properties. Total Active Listings are up 3.9% from 2,442 this time last year.

The full Press Release is here ( PDF Download):

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The Kingston Real Estate blog is published by Richard Potter of Re/Max Realty Concepts. Richard is a licensed real estate associate in the province of Ontario.

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