Homes for Sale in Kingston MA – June 2013 Market Update
Here’s your June 2013 report on homes for sale in Kingston, MA. Check back every month for new information and trends in inventory and home sales in the 02364 zip code.
The current average time that homes are spending on the market is 105 days. Of the homes that sold in the past 90 days, the average time was 166 days. We’ve had some homes on the market for over two years and others sell in only 3 days.
Of the 32 homes sold in Kingston in the last 3 months, 9 sold for over their listing price, 20 got less than the listing price, and 3 sold at their listing price.
The current range in price is $125,000 to $1,279,000, with a median price of $429,900. To compare, the houses that sold in the past 90 days went from anywhere between $90,000 and $590,000, with a median selling price of $342,600.
We have approximately 105 homes for sale in Kingston, which equals out to nearly 10 months of inventory in our market. While balanced markets are defined as having 5 to 7 months of inventory, seller’s markets have less than 5 months of inventory and buyer’s markets have greater than 7 months. This classifies the Kingston housing market as a buyer’s market.
We’ll be posting new information every month, so check back often. You can also get these updates sent straight to your email by clicking here.