June 2024 Kingston Real Estate Market Update

Summer arrived, and the market showed its hand

June is often the most honest month of the year.

Spring hype is gone. Summer distractions haven’t fully arrived yet. What’s left is real behaviour.

In Kingston, June 2024 made one thing clear: the market is active, but no longer aggressive.

Homes are selling. Listings are piling up. And buyers are choosing carefully.

The big takeaway from June

Sales improved, but inventory grew faster

June brought a noticeable increase in sales compared to earlier in the year, but it also delivered a much larger jump in active listings. That combination matters.

It tells us demand exists, but it’s no longer strong enough to absorb everything coming to market without resistance.

This is the definition of a balanced market, and June confirmed we’re firmly in one.

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

• Sales: 354 homes sold

• New listings: 655 homes listed

• Active listings: 1,176 homes on the market

• Sales-to-new-listings ratio: ~54%

• Months of inventory: ~3.3 months

• Average sale price: ~$644,800

• Median sale price: ~$581,000

• Sale-to-list price ratio: ~97%

• Median days on market: ~24 days

In plain terms: homes are still selling, but they’re taking longer, negotiating more, and competing with significantly more choice than last year.

What June tells us about buyers

Buyers showed up in June, but they didn’t chase.

Instead, they:

• Took more time before committing

• Passed on listings that felt overpriced or compromised

• Negotiated with more confidence

The days of “if you don’t buy it today, someone else will” are largely behind us. Buyers know they have options, and they’re acting like it.

What June tells us about sellers

June delivered a reality check for sellers who entered the summer expecting momentum to carry their listing.

The market is working, but it’s not forgiving.

Homes that were priced right and well presented still sold.
Homes that missed the mark sat longer and lost leverage.

With active listings up sharply year over year, sellers now compete not just with yesterday’s sales, but with today’s alternatives.

The shift that June confirmed

Up until now, we could debate whether spring conditions were temporary.

June settled that debate.

This market has transitioned:

• From urgency to choice

• From emotion to evaluation

• From speed to strategy

That’s not a bad thing. But it does mean outdated expectations are expensive.

What this means heading into July and August

As summer progresses, attention naturally drifts. When that happens in a market with rising inventory, pricing precision matters even more.

Buyers who stay engaged will have leverage.
Sellers who stay realistic will still succeed.
Those waiting for conditions to “improve” may find the opposite if inventory keeps building.

Thinking about your next move?

June’s data reinforces one message: this is a market that rewards clarity.

If you’re buying, selling, or simply trying to decide whether to act this year, understanding how these conditions apply to your situation matters more than any headline.

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