Kingston and Area Real Estate Association

The number of homes sold through the MLS® System of the Kingston and Area Real Estate Association totaled 310 units in July 2025. This was an increase of 6.9% from July 2024.

Home sales were 5.4% above the five-year average and 8.4% below the 10-year average for the month of July.

On a year-to-date basis, home sales totaled 1,862 units over the first seven months of the year. This was a slight gain of 0.2% (three sales) from the same period in 2024.

“Although sales activity came in at average levels for July, this still marked a four-year high for the month and represents a solid showing from buyers who are now coming off the sidelines,” said Mary Ambrose, President of the Kingston and Area Real Estate Association. “On the supply side, sellers are still out in force with their listings, which in turn has lifted overall inventories to levels unseen since the beginning of 2017. In other news, the Ontario Land Tribunal has approved development on the Davis Tannery project, which should add more than 1,500 units to housing stock in our region once completed.”

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 $570,500 in July 2025, unchanged compared to July 2024.

The benchmark price for single-family homes was $593,200, a minor increase of 1.2% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $477,700, a moderate decrease of 9.1% compared to a year earlier, while the benchmark apartment price was $395,600, falling by 8.8% from year-ago levels.

The average price of homes sold in July 2025 was $613,160, edging up 0.9% from July 2024.

The more comprehensive year-to-date average price was $626,657, up only 0.1% from the first seven months of 2024.

The dollar value of all home sales in July 2025 was $190.1 million, up by 7.9% from the same month in 2024.

The number of new listings saw an increase of 7.4% from July 2024. There were 714 new residential listings in July 2025. This was the largest number of new listings added in the month of July in a decade.

New listings were 23.7% above the five-year average and 26.3% above the 10-year average for the month of July.

Active residential listings numbered 1,479 units on the market at the end of July, a sizable gain of 14.7% from the end of July 2024. Active listings haven’t been this high in the month of July in more than five years.

Active listings were 50.9% above the five-year average and 37.8% above the 10-year average for the month of July.

Months of inventory numbered 4.8 at the end of July 2025, up from the 4.4 months recorded at the end of July 2024 and above the long-run average of 3.3 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.