How to Navigate a Changing Real Estate Market

The Kingston real estate market, like many others, is influenced by local and national trends such as interest rates, housing inventory, and economic shifts. Whether you’re buying, selling, or investing in Kingston, adapting to market changes can help you stay ahead. Here’s a guide tailored to Kingston’s unique real estate landscape: 1. Understand Kingston’s Market Trends Kingston’s real estate market has seen strong demand, especially for properties near Queen’s University, downtown, and waterfront areas. However, market conditions fluctuate: Rising interest rates: These have cooled some buyer activity but have not drastically reduced demand in sought-after areas. Seasonal trends: Kingston typically sees more activity in spring and summer. If you’re buying or selling during the winter, be prepared for fewer listings but potentially less competition. Keep an eye on neighborhoods like Cataraqui North for newer developments or Portsmouth Village for historic charm. 2. Be Realistic Ab...