Kingston Real Estate Market Report

The number of homes sold through the MLS® System of the Kingston and Area Real Estate Association totaled 222 units in September 2026. This was a decrease of 4.7% (11 sales) from September 2025. Home sales were 2.9% above the five-year average and 17.2% below the 10-year average for the month of September. On a year-to-date basis, home sales totaled 2,179 units over the first nine months of the year. This was a moderate decrease of 6.6% from the same period in 2025. “Sales activity continued at a steady pace in September, coming in just inside average levels for this time of year. New listings were the opposite, falling just a few units short of the all-time record for the month as sellers were out in force after the summer ended,” said Luca Andolfatto, President of the Kingston and Area Real Estate Association. “On another note, Kingston will be using more than $1 million in funding from the Build Communities Strong Fund Community Stream to build a new road through the city’s west end. This will deliver key infrastructure that will enable more than 700 new homes.” 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 $542,800 in September 2026, essentially unchanged, up just 0.5% compared to September 2025. The benchmark price for single-family homes was $566,800, a slight gain of 0.2% on a year-over-year basis in September. By comparison, the benchmark price for townhouse/row units was $403,300, increasing by 4% compared to a year earlier, while the benchmark apartment price was $342,700, a decline of 5.5% from year-ago levels. The average price of homes sold in September 2026 was $589,070, decreasing by 5.8% from September 2025. The more comprehensive year-to-date average price was $620,087, down only 0.5% from the first nine months of 2025. The dollar value of all home sales in September 2026 was $130.8 million, down sharply by 10.2% from the same month in 2025. The number of new listings saw an increase of 9.3% from September 2025. There were 694 new residential listings in September 2026. This was the largest number of new listings added in the month of September in more than a decade. New listings were 8.8% above the five-year average and 25.6% above the 10-year average for the month of September. Active residential listings numbered 1,433 units on the market at the end of September, a sizable gain of 11.5% from the end of September 2025. Active listings haven’t been this high in the month of September in a decade. Active listings were 22.1% above the five-year average and 47.1% above the 10-year average for the month of September. Months of inventory numbered 6.5 at the end of September 2026, up from the 5.5 months recorded at the end of September 2025 and above the long-run average of 4 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.