Kingston Real Estate Market Report
Executive Summary
Tania MenicucciLocal expert · KingstonThe Kingston, Ontario real estate market is currently classified as a balanced market. The MLS® composite benchmark price is $553K, down 0.6% year-over-year.
There are currently 672 active listings, representing 4.9 months of inventory. According to Kingston and Area Real Estate Association, there were 309 sales and 682 new listings in July 2026. Inventory has increased 58.5% compared to last month.
Currently, the average price per square foot is $262.
Board Data vs Our Listings
| Metric | Kingston and Area Real Estate Association | Our Listings |
|---|---|---|
| Benchmark / Median Price | $553K | $600K |
| Average Price | $658K | $787K |
| Active Listings | 1,500 | 672 |
| Detached Benchmark | $577K | $762K |
| Townhouse Benchmark | $397K | $479K |
| Apartment Benchmark | $358K | $479K |
Detached properties make up the largest share of the Kingston market at 79% of active listings with an average price of $762K. Condo listings follow at 21% (avg $479K).
Sales Activity & Absorption
Volume
Market Signals
Kingston and Area Real Estate Association reported 309 sales this period, 248 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 309 units in July 2026. This was down only 0.3% (one sale) from July 2025.
Home sales were 8.4% above the five-year average and 7% below the 10-year average for the month of July.
On a year-to-date basis, home sales totaled 1,719 units over the first seven months of the year. This was down by 7.7% from the same period in 2025.
“Sales activity has recorded a bit of an upswing over the past two months but remains even on a year-over-year basis. Meanwhile, new listings recorded the fourth highest July on record and pushed up overall inventories, remaining above average levels for this time of year,” said Luca Andolfatto, President of the Kingston and Area Real Estate Association. “On another note, the Ontario government announced in July it was awarding the City of Kingston $3.2 million through the Building Faster Fund. The funding will help our municipality deliver more homes and infrastructure and support long-term growth.”
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 $552,500 in July 2026, down only 0.6% compared to July 2025.
The benchmark price for single-family homes was $577,000, nearly unchanged, down only 0.9% on a year-over-year basis in July. By comparison, the benchmark price for townhouse/row units was $396,600, a minor decrease of 2.9% compared to a year earlier, while the benchmark apartment price was $358,000, a moderate decrease of 5.3% from year-ago levels.
The average price of homes sold in July 2026 was $658,437, an increase of 7.4% from July 2025.
The more comprehensive year-to-date average price was $624,924, a slight reduction of 0.2% from the first seven months of 2025.
The dollar value of all home sales in July 2026 was $203.5 million, increasing by 7% from the same month in 2025. The dollar volume of all homes sold hasn’t been this high in the month of July in more than five years.
The number of new listings saw a decline of 4.6% from July 2025. There were 682 new residential listings in July 2026.
New listings were 8.5% above the five-year average and 18.6% above the 10-year average for the month of July.
Active residential listings numbered 1,500 units on the market at the end of July, up modestly by 1.6% from the end of July 2025. Active listings haven’t been this high in the month of July in a decade.
Active listings were 24.9% above the five-year average and 45.5% above the 10-year average for the month of July.
Months of inventory numbered 4.9 at the end of July 2026, up from the 4.8 months recorded at the end of July 2025 and above the long-run average of 3.3 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, July 2026
Market Balance
Months of Inventory
Demand moderately exceeds supply — conditions favor sellers.
High absorption relative to inventory — tight market.
At 4.9 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 672 active listings with a median price of $600K and 4.9 months of inventory.
According to Kingston and Area Real Estate Association, the composite benchmark price is $553K (-0.6% year-over-year). There were 309 sales recorded, with a sales-to-active listings ratio of 20.6%. This indicates a seller's market where demand outpaces supply.
- Prices declining (-2.9% in 30 days)
- Low price reduction rate (0% of listings)
- Low sell-through rate (45%)
- Average price per square foot is $262
Data sourced from CREA DDF® active listings. Metrics computed from listing data updated daily, with benchmark and sales statistics from Kingston and Area Real Estate Association. Prepared by Tania Menicucci with AI assistance, reviewed by our team.
Monthly Reports Archive
Market data is calculated from active and recently sold MLS® listings as of September 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.