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PRESS RELEASE from The Kingston and Area Real Estate Association September 10, 2012

SALES
The summer months are usually a slow time for housing sales, and August was no exception with Single Family Residential Home sales totalling 234, a 24.5% drop from July, and 4.5% lower than August 2011 when 245 units were sold. Year-to-Date results continue to be strong. Sales for January to August this year total 2352 which represents a 7.3% increase over the same period in 2011. The average price of homes sold in the month of August was $272,727, while the 12 Month average price increased over the previous 12 month period by 2.7%, from $269,222 to $276,510.

LISTINGS
As of August 31, 2012, there were 2,457 Active Listings in the Kingston area, of which 1,560 were Residential properties. Total Active Listings are up 2.7% from 2,392 this time last year.

The full Press Release is here ( PDF Download):

http://goo.gl/fZA5A

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

SALES
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.

LISTINGS
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):

http://goo.gl/nYE1v