Kingston and Area Real Estate Association

The number of homes sold through the MLS® System of the Kingston and Area Real Estate Association totaled 275 units in April 2026. This was a slight reduction of 0.4% (one sale) from April 2025.

Home sales were 8.6% below the five-year average and 20.6% below the 10-year average for the month of April.

On a year-to-date basis, home sales totaled 742 units over the first four months of the year. This decreased by 8.2% from the same period in 2025.

“Sales activity declined sharply in March and did little to recover in April, despite sellers posting the highest number of new listings for this month in exactly a decade,” said Luca Andolfatto, President of the Kingston and Area Real Estate Association. “One has to wonder whether recent economic news has anything to do with buyers’ hesitation to enter the market. On one hand, buyers who choose to come in will find an ample selection and a favourable pricing environment, but on the other they may be temporarily dissuaded by unexpected financial costs such as higher gas prices, as well as greater uncertainty surrounding general economic news.”

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 $534,100 in April 2026, a small reduction of 3.9% compared to April 2025.

The benchmark price for single-family homes was $559,300, falling by 3.4% on a year-over-year basis in April. By comparison, the benchmark price for townhouse/row units was $384,500, a decline of 5.1% compared to a year earlier, while the benchmark apartment price was $344,500, down sharply by 15% from year-ago levels.

The average price of homes sold in April 2026 was $639,392, a modest gain of 3% from April 2025.

The more comprehensive year-to-date average price was $590,671, down by 4.8% from the first four months of 2025.

The dollar value of all home sales in April 2026 was $175.8 million, a minor increase of 2.6% from the same month in 2025.

The number of new listings saw a small gain of 3.2% from April 2025. There were 768 new residential listings in April 2026. This was the largest number of new listings added in the month of April in a decade.

New listings were 11.8% above the five-year average and 21.2% above the 10-year average for the month of April.

Active residential listings numbered 1,207 units on the market at the end of April, decreasing by 3.3% from the end of April 2025.

Active listings were 28.6% above the five-year average and 34.6% above the 10-year average for the month of April.

Months of inventory numbered 4.4 at the end of April 2026, down from the 4.5 months recorded at the end of April 2025 and above the long-run average of 2.9 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.