Kingston and Area Real Estate Association

The number of homes sold through the MLS® System of the Kingston and Area Real Estate Association totaled 356 units in June 2025. This was a minor decrease of 2.5% (nine sales) from June 2024.

Home sales were 7.6% below the five-year average and 14.3% below the 10-year average for the month of June.

On a year-to-date basis, home sales totaled 1,551 units over the first six months of the year. This was a moderate decrease of 4.6% from the same period in 2024.

“Home sales were little changed on a year-over-year basis in June, essentially remaining at the same level they’ve posted for this month going back three years. However, looking through the normal seasonal variations it appears that demand continues to wane, although with uneven momentum,” said Mary Ambrose, President of the Kingston and Area Real Estate Association. “Sellers are still out in force, with June coming in at one of the highest levels for new listings for this month in history. While overall supply levels continue to rise, the market balance continues to flirt with buyer’s territory. For the time being, MLS® Benchmark Prices are recording very small gains, but this could change if supply continues to outpace demand.”

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 $571,800 in June 2025, a minor increase of 1% compared to June 2024.

The benchmark price for single-family homes was $595,700, a small gain of 2.7% on a year-over-year basis in June. By comparison, the benchmark price for townhouse/row units was $490,800, falling by 7.9% compared to a year earlier, while the benchmark apartment price was $381,700, a sharp decrease of 11.5% from year-ago levels.

The average price of homes sold in June 2025 was $634,769, decreasing by 2% from June 2024.

The more comprehensive year-to-date average price was $625,541, a modest decline of 1.2% from the first six months of 2024.

The dollar value of all home sales in June 2025 was $226 million, down by 4.4% from the same month in 2024.

The number of new listings saw an increase of 4.9% from June 2024. There were 764 new residential listings in June 2025.

New listings were 6.2% above the five-year average and 14.4% above the 10-year average for the month of June.

Active residential listings numbered 1,445 units on the market at the end of June, a moderate gain of 5% from the end of June 2024. Active listings haven’t been this high in the month of June in more than five years.

Active listings were 41.7% above the five-year average and 31.1% above the 10-year average for the month of June.

Months of inventory numbered 4.1 at the end of June 2025, up from the 3.8 months recorded at the end of June 2024 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.