Kingston and Area Real Estate Association

The number of homes sold through the MLS® System of the Kingston and Area Real Estate Association totaled 353 units in June 2026. This was down only 0.3% (one sale) from June 2025.

Home sales were 2.9% above the five-year average and 11.6% below the 10-year average for the month of June.

On a year-to-date basis, home sales totaled 1,411 units over the first six months of the year. This was down by 9.1% from the same period in 2025.

“Sales were little changed from where they stood in the same month in the previous two years, even as new listings ratcheted up to their highest June on record,” said Luca Andolfatto, President of the Kingston and Area Real Estate Association. “Inventories have begun moving sharply upwards over the past few months as an acceleration in supply has outpaced demand. Our local market remains in buyer’s territory, which in theory should be bringing buyers back off the sidelines with all the choices available to them. However, it appears that buyers are still holding off on making purchases for the time being.”

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 $549,900 in June 2026, a modest decline of 1.2% compared to June 2025.

The benchmark price for single-family homes was $575,300, down modestly by 1.4% on a year-over-year basis in June. By comparison, the benchmark price for townhouse/row units was $398,200, a decrease of 5% compared to a year earlier, while the benchmark apartment price was $348,400, a moderate decrease of 4.4% from year-ago levels.

The average price of homes sold in June 2026 was $652,470, a minor increase of 2.1% from June 2025.

The more comprehensive year-to-date average price was $617,266, a small reduction of 1.9% from the first six months of 2025.

The dollar value of all home sales in June 2026 was $230.3 million, increasing by 1.9% from the same month in 2025. The dollar volume of all homes sold hasn’t been this high in the month of June in five years.

The number of new listings saw a gain of 12.5% from June 2025. There were 858 new residential listings in June 2026. This was also the largest number of new listings added in the month of June in history.

New listings were 15.7% above the five-year average and 28% above the 10-year average for the month of June.

Active residential listings numbered 1,534 units on the market at the end of June, up by 5.9% from the end of June 2025. Active listings haven’t been this high in the month of June in a decade.

Active listings were 28.4% above the five-year average and 48% above the 10-year average for the month of June.

Months of inventory numbered 4.3 at the end of June 2026, up from the 4.1 months recorded at the end of June 2025 and above the long-run average of 2.7 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.