Kingston and Area Real Estate Association

The number of homes sold through the MLS® System of the Kingston and Area Real Estate Association totaled 309 units in July 2026. This was down only 0.3% (one sale) from July 2025.

Home sales were 8.4% above the five-year average and 7% below the 10-year average for the month of July.

On a year-to-date basis, home sales totaled 1,719 units over the first seven months of the year. This was down by 7.7% from the same period in 2025.

“Sales activity has recorded a bit of an upswing over the past two months but remains even on a year-over-year basis. Meanwhile, new listings recorded the fourth highest July on record and pushed up overall inventories, remaining above average levels for this time of year,” said Luca Andolfatto, President of the Kingston and Area Real Estate Association. “On another note, the Ontario government announced in July it was awarding the City of Kingston $3.2 million through the Building Faster Fund. The funding will help our municipality deliver more homes and infrastructure and support long-term growth.”

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 $552,500 in July 2026, down only 0.6% compared to July 2025.

The benchmark price for single-family homes was $577,000, nearly unchanged, down only 0.9% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $396,600, a minor decrease of 2.9% compared to a year earlier, while the benchmark apartment price was $358,000, a moderate decrease of 5.3% from year-ago levels.

The average price of homes sold in July 2026 was $658,437, an increase of 7.4% from July 2025.

The more comprehensive year-to-date average price was $624,924, a slight reduction of 0.2% from the first seven months of 2025.

The dollar value of all home sales in July 2026 was $203.5 million, increasing by 7% from the same month in 2025. The dollar volume of all homes sold hasn’t been this high in the month of July in more than five years.

The number of new listings saw a decline of 4.6% from July 2025. There were 682 new residential listings in July 2026.

New listings were 8.5% above the five-year average and 18.6% above the 10-year average for the month of July.

Active residential listings numbered 1,500 units on the market at the end of July, up modestly by 1.6% from the end of July 2025. Active listings haven’t been this high in the month of July in a decade.

Active listings were 24.9% above the five-year average and 45.5% above the 10-year average for the month of July.

Months of inventory numbered 4.9 at the end of July 2026, up from the 4.8 months recorded at the end of July 2025 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.