Kingston and Area Real Estate Association

The number of homes sold through the MLS® System of the Kingston and Area Real Estate Association totaled 234 units in September 2025. This was a gain of 13% from September 2024.

Home sales were 0.6% above the five-year average and 16.1% below the 10-year average for the month of September.

On a year-to-date basis, home sales totaled 2,335 units over the first nine months of the year. This was up modestly by 1.2% from the same period in 2024.

“Sales activity was back up to average levels in September for the first time in three years,” said Mary Ambrose, President of the Kingston and Area Real Estate Association. “Sellers have been playing a huge role in supporting more demand returning to the market, with new listings historically elevated over the past several months. Until recently, overall inventories had been peaking at their highest levels in more than eight years, and it’s likely that this ample supply of available inventory played an important part in brining buyers back off the sidelines as fallout from the trade war earlier this year cooled off.”

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 $555,000 in September 2025, down only 0.1% compared to September 2024.

The benchmark price for single-family homes was $576,100, up modestly by 1.1% on a year-over-year basis in September. By comparison, the benchmark price for townhouse/row units was $470,400, a substantial decrease of 10.5% compared to a year earlier, while the benchmark apartment price was $387,000, a moderate decrease of 7.9% from year-ago levels.

The average price of homes sold in September 2025 was $623,458, an increase of 5.5% from September 2024.

The more comprehensive year-to-date average price was $623,270, a slight gain of 0.9% from the first nine months of 2024.

The dollar value of all home sales in September 2025 was $145.9 million, increasing by 19.3% from the same month in 2024.

The number of new listings saw a modest decline of 2.8% from September 2024. There were 635 new residential listings in September 2025.

New listings were 7.3% above the five-year average and 17.7% above the 10-year average for the month of September.

Active residential listings numbered 1,278 units on the market at the end of September, up modestly by 1.8% from the end of September 2024. Active listings haven’t been this high in the month of September in more than five years.

Active listings were 32.8% above the five-year average and 28.2% above the 10-year average for the month of September.

Months of inventory numbered 5.5 at the end of September 2025, down from the 6.1 months recorded at the end of September 2024 and above the long-run average of 3.8 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.