December 2024 Kingston Real Estate Market Update

The year didn’t end quietly. It ended clearly.

December is often misunderstood.

Fewer listings. Fewer showings. Fewer conversations. It’s easy to mistake that for weakness. But December doesn’t distort the market. It strips it down.

In Kingston, December 2024 didn’t surprise anyone who’s been paying attention.
It confirmed exactly what kind of market 2024 became.

The big takeaway from December

Low activity, high intention

December saw the expected seasonal slowdown in both sales and new listings. What mattered wasn’t the volume. It was the behaviour underneath it.

Buyers who remained active were serious.
Sellers who listed were motivated.
Pricing discipline continued to determine outcomes.

The market didn’t pause. It narrowed.

📊 By the numbers – December 2024 (Kingston & Area)

• Sales: 178 homes sold

• New listings: 342 homes listed

• Active listings: ~1,050 homes on the market

• Sales-to-new-listings ratio: ~52%

• Months of inventory: ~4.6 months

• Average sale price: ~$618,000

• Median sale price: ~$565,000

• Sale-to-list price ratio: ~96%

• Median days on market: ~31 days

Plain-language takeaway: fewer transactions, but no panic. Buyers retained leverage, inventory stayed elevated, and pricing mistakes still cost sellers time.

What December tells us about buyers

December buyers were decisive.

They:

• Entered negotiations confidently

• Took advantage of reduced competition

• Focused on value, not urgency

This is where informed buyers quietly do well. With fewer participants, leverage shifts subtly toward those willing to stay engaged.

What December tells us about sellers

December rewarded realism.

The market still sold homes, but only when expectations aligned.

Listings that were priced accurately moved, even late in the year.
Listings that hoped spring conditions would return simply waited.

By December, motivation alone wasn’t enough. Accuracy mattered more.

The lesson December locked in

If 2024 taught us anything, December made it unavoidable.

This is a market defined by:

• Choice over competition

• Evaluation over emotion

• Strategy over timing

Those themes didn’t fade as the year ended. They solidified.

What this means heading into 2025

The conditions buyers and sellers are carrying into 2025 are not fragile. They’re balanced.

Buyers will enter the new year confident they have options.
Sellers will need to be sharp from day one.
And the market will continue to reward preparation over optimism.

The biggest advantage going into 2025 isn’t speed.
It’s clarity.

Thinking about your next move?

If December felt quieter but clearer, that’s exactly what the data shows.

Whether you’re planning a move early in 2025 or simply trying to understand where the market stands now, having a grounded, local perspective matters more than headlines.

If you want to talk it through, I’m always happy to do that. No pressure. Just clear guidance based on real numbers.