Kingston Real Estate Market Report
Executive Summary
The Kingston, New Brunswick real estate market is currently classified as a balanced market. The MLS composite benchmark price is $550K, down 1.2% year-over-year.
There are currently 22 active listings, representing 4.3 months of inventory. According to Kingston and Area Real Estate Association, there were 353 sales and 858 new listings in June 2026. Inventory has decreased 94.9% compared to last month.
Currently, listings spend an average of 89 days on market and the average price per square foot is $256.
Board Data vs Our Listings
| Metric | Kingston and Area Real Estate Association | Our Listings |
|---|---|---|
| Benchmark / Median Price | $550K | $189K |
| Average Price | $652K | $395K |
| Active Listings | 1,534 | 22 |
| Detached Benchmark | $575K | $775K |
| Townhouse Benchmark | $398K | $486K |
| Apartment Benchmark | $348K | $486K |
Detached properties make up the largest share of the Kingston market at 80% of active listings with an average price of $775K. Condo listings follow at 20% (avg $486K).
Sales Activity & Absorption
Volume
Market Signals
Kingston and Area Real Estate Association reported 353 sales this period, 5 new listings appeared in the past month.
Kingston and Area Real Estate Association Monthly Report
The number of homes sold through the MLS® System of the Kingston and Area Real Estate Association totaled 353 units in June 2026. This was down only 0.3% (one sale) from June 2025.
Home sales were 2.9% above the five-year average and 11.6% below the 10-year average for the month of June.
On a year-to-date basis, home sales totaled 1,411 units over the first six months of the year. This was down by 9.1% from the same period in 2025.
“Sales were little changed from where they stood in the same month in the previous two years, even as new listings ratcheted up to their highest June on record,” said Luca Andolfatto, President of the Kingston and Area Real Estate Association. “Inventories have begun moving sharply upwards over the past few months as an acceleration in supply has outpaced demand. Our local market remains in buyer’s territory, which in theory should be bringing buyers back off the sidelines with all the choices available to them. However, it appears that buyers are still holding off on making purchases for the time being.”
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 $549,900 in June 2026, a modest decline of 1.2% compared to June 2025.
The benchmark price for single-family homes was $575,300, down modestly by 1.4% on a year-over-year basis in June. By comparison, the benchmark price for townhouse/row units was $398,200, a decrease of 5% compared to a year earlier, while the benchmark apartment price was $348,400, a moderate decrease of 4.4% from year-ago levels.
The average price of homes sold in June 2026 was $652,470, a minor increase of 2.1% from June 2025.
The more comprehensive year-to-date average price was $617,266, a small reduction of 1.9% from the first six months of 2025.
The dollar value of all home sales in June 2026 was $230.3 million, increasing by 1.9% from the same month in 2025. The dollar volume of all homes sold hasn’t been this high in the month of June in five years.
The number of new listings saw a gain of 12.5% from June 2025. There were 858 new residential listings in June 2026. This was also the largest number of new listings added in the month of June in history.
New listings were 15.7% above the five-year average and 28% above the 10-year average for the month of June.
Active residential listings numbered 1,534 units on the market at the end of June, up by 5.9% from the end of June 2025. Active listings haven’t been this high in the month of June in a decade.
Active listings were 28.4% above the five-year average and 48% above the 10-year average for the month of June.
Months of inventory numbered 4.3 at the end of June 2026, up from the 4.1 months recorded at the end of June 2025 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.
Source: Kingston and Area Real Estate Association, June 2026
Market Balance
Months of Inventory
Demand moderately exceeds supply — conditions favor sellers.
High absorption relative to inventory — tight market.
At 4.3 months of inventory, the market is balanced. Neither buyers nor sellers have a decisive advantage — a good time for realistic pricing and considered offers.
Interest Rates & Affordability
Current Rates
Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.
Estimated Monthly Payment
This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.
Market Outlook
The market is relatively balanced between buyers and sellers. The Kingston market currently has 22 active listings with a median price of $189K and 4.3 months of inventory.
According to Kingston and Area Real Estate Association, the composite benchmark price is $550K (-1.2% year-over-year). There were 353 sales recorded, with a sales-to-active listings ratio of 23.0%. This indicates a seller's market where demand outpaces supply.
- Low price reduction rate (0% of listings)
- Low sell-through rate (41%)
- Slow-moving market (89 avg days on market)
- Average price per square foot is $256
Data sourced from CREA DDF® active and sold listings. Metrics computed from listing data updated daily, with board statistics from Kingston and Area Real Estate Association. Prepared by Valerie Sherren with AI assistance, reviewed by our team.
Market data is calculated from active and recently sold MLS® listings as of July 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.
Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.