Norfolk County Real Estate Board
Real Estate Board — Market Data & Trends
Overview
The composite benchmark price for Norfolk County Real Estate Board was $550,600 in July 2026, down 3.9% year over year.
Across the 3 months on record — May 2026 to July 2026 — the benchmark fell 0.3%, from $552,500 to $550,600.
The high over that window was $564,300 in June 2026; the benchmark now sits 2.4% below it.
The segments have not moved together: detached homes gained 2.2% and townhouses lost 1.9% over the window — a spread of 4.0 percentage points between detached homes and townhouses.
As of July 2026 the benchmark stands at $564,900 for detached homes and $476,100 for townhouses.
Inventory stands at 8.9 months of supply, which the board's own thresholds classify as a buyers' market.
These are figures published by Norfolk County Real Estate Board. The period-over-period comparisons above — the change over the window, the high and the low and the spread between property types — are arithmetic compiled by this publication from 3 monthly releases, May 2026 through July 2026.
Board Report
Key Takeaways
July 2026- "Norfolk County’s market showed greater resilience than other areas in July, with only three fewer sales than in the previous month, and a 3.2% decline compared to the same period last year,” said Bill Duce, CEO of Cornerstone.
- “While the number of new listings that came online in July was lower than the previous month, there was a 7.9% increase from July 2025.
- The MLS® Home Price Index (HPI) was $550,600 in July 2026, a decline of 2.4% month-over-month and a decline of 3.9% on a year-over-year basis.
Source: Norfolk County Real Estate Board
At 8.9 months of inventory, supply significantly exceeds demand. Buyers can take their time, negotiate aggressively, and choose from a wide selection. Sellers must price very competitively and be patient.
Norfolk County Real Estate Board Narrative
The statistics provided in this report are based on information from the ITSO MLS® System. Multiple MLS® Systems operate within Ontario, and while none can be guaranteed to include every property listed or sold within a given area, they effectively illustrate market trends.
"Norfolk County’s market showed greater resilience than other areas in July, with only three fewer sales than in the previous month, and a 3.2% decline compared to the same period last year,” said Bill Duce, CEO of Cornerstone. “While the number of new listings that came online in July was lower than the previous month, there was a 7.9% increase from July 2025. The months’ supply has climbed 29.0% year-over-year to 8.9 months, the highest level on record for Norfolk County. The MLS® Home Price Index declined 3.9% year-over-year, though the average sale price remains slightly above last year’s levels. Homes are selling more quickly than they were a year ago, suggesting that well-priced properties are attracting motivated buyers. Norfolk County continues to have its own distinct market, which is why working with a local REALTOR® who understands the area is the best way for buyers and sellers to navigate the evolving landscape.”
Norfolk Area Highlights:
There were three fewer sales in July than in the previous month.
The number of newly listed properties decreased by 10.2% on a month-over-month basis.
The MLS® Home Price Index (HPI) was $550,600 in July 2026, a decline of 2.4% month-over-month and a decline of 3.9% on a year-over-year basis.
The supply of inventory across the market increased by 15.0% on a year-over-year basis, and there was an 8.9-month supply of all property types by the end of July.
For more information https://cornerstone.inc/housing-market-statistics/
Market Balance
Months of Inventory
With 8.9 months of inventory, buyers have more options and negotiating leverage. Sellers should price competitively and be prepared for longer marketing times.
Source: Norfolk County Real Estate Board via CREA MLS
Period: July 2026
Market statistics are provided for informational purposes only and may not reflect all real estate activity in the market. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Past performance does not guarantee future results. Consult a licensed real estate professional for specific advice.