Cornwall Real Estate Market Report

The number of homes sold through the MLS® System of the Cornwall and District Real Estate Board totaled 228 units in September 2026. This was a modest decline of 3% (seven sales) from September 2025. Home sales were 0.4% below the five-year average and 12.4% below the 10-year average for the month of September. On a year-to-date basis, home sales totaled 2,157 units over the first nine months of the year. This was down sharply by 10.5% from the same period in 2025. “Home sales were running just inside typical levels for this time of year in September. New listings, however, jumped to their highest showing for the month on record,” said Derek McEwen, President of the Cornwall and District Real Estate Board. “Buyer activity has generally been more subdued compared to last year, while sellers appear to be more motivated than ever to move their properties. Inventories remain elevated and are back on par with where they stood in late 2018, while the market balance continues to edge closer to buyer’s territory. Price growth will likely remain modestly negative for the time being as long as supply continues to outpace demand by a large margin and sellers aggressively compete for buyer attention.” The average price of homes sold in September 2026 was $488,136, a minor decrease of 2.8% from September 2025. The more comprehensive year-to-date average price was $509,690, a small reduction of 3.5% from the first nine months of 2025. The dollar value of all home sales in September 2026 was $111.3 million, falling by 5.7% from the same month in 2025. The number of new listings saw a gain of 18.6% from September 2025. There were 575 new residential listings in September 2026. This was also the largest number of new listings added in the month of September in history. New listings were 15.1% above the five-year average and 25.4% above the 10-year average for the month of September. Active residential listings numbered 1,294 units on the market at the end of September, up by 18.4% from the end of September 2025. Active listings haven’t been this high in the month of September in more than five years. Active listings were 26.2% above the five-year average and 29.5% above the 10-year average for the month of September. Months of inventory numbered 5.7 at the end of September 2026, up from the 4.7 months recorded at the end of September 2025 and above the long-run average of 4.1 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.