Kingston and Area Real Estate Association

The number of homes sold through the MLS® System of the Kingston and Area Real Estate Association totaled 239 units in August 2026. This was unchanged from August 2025.

Home sales were 0.1% above the five-year average and 17.7% below the 10-year average for the month of August.

On a year-to-date basis, home sales totaled 1,957 units over the first eight months of the year. This was a moderate decrease of 6.9% from the same period in 2025.

“Sales activity was at about the same level in August as it had been in the same month going back four years and more subdued compared to historical norms for this time of year,” said Luca Andolfatto, President of the Kingston and Area Real Estate Association. “New listings are still trending steadily upward as sellers are more enthusiastic than ever to move their properties, which has pushed overall inventory levels to heights unseen since early 2017. With our local market teetering between buyer’s and balanced territory it’s an opportune time for homebuyers to get back out there amid ample supply. In housing-related news, Ontario and Canada are investing $1 billion through the Non-Development Charge Municipalities Stream under the Canada-Ontario Partnership to Build, helping municipalities deliver the infrastructure required for more homes and stronger communities.”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $550,100 in August 2026, essentially unchanged, up just 0.2% compared to August 2025.

The benchmark price for single-family homes was $574,500, unchanged on a year-over-year basis in August. By comparison, the benchmark price for townhouse/row units was $408,100, increasing by 1.4% compared to a year earlier, while the benchmark apartment price was $350,100, a decline of 6.4% from year-ago levels.

The average price of homes sold in August 2026 was $612,691, increasing by 2.7% from August 2025.

The more comprehensive year-to-date average price was $623,606, up only 0.1% from the first eight months of 2025.

The dollar value of all home sales in August 2026 was $146.4 million, up modestly by 2.7% from the same month in 2025. The dollar volume of all homes sold hasn’t been this high in the month of August in five years.

The number of new listings saw an increase of 13.3% from August 2025. There were 562 new residential listings in August 2026. This was the largest number of new listings added in the month of August in a decade.

New listings were 10.5% above the five-year average and 16.3% above the 10-year average for the month of August.

Active residential listings numbered 1,397 units on the market at the end of August, a moderate gain of 5.1% from the end of August 2025. Active listings haven’t been this high in the month of August in a decade.

Active listings were 23.3% above the five-year average and 43.9% above the 10-year average for the month of August.

Months of inventory numbered 5.8 at the end of August 2026, up from the 5.6 months recorded at the end of August 2025 and above the long-run average of 3.6 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.