Cornwall and District Real Estate Board Reports Balanced Market in June 2026

Cornwall and District Real Estate Board — June 2026

In June 2026, the Cornwall and District Real Estate Board recorded 319 home sales, a slight decrease of 1.5% from the previous year. The average home price reached $507,491, reflecting a 7.2% decline compared to June 2025.

Market Analysis

The real estate market in Cornwall and District remains balanced as of June 2026, with a months of inventory figure at 4.1, indicating that supply is keeping pace with demand. Despite a 7.4% increase in new listings, totaling 624, the overall sales activity has not matched this growth, leading to a rise in active listings to 1,305 units, a notable 26.5% increase from June 2025. The dollar value of home sales also saw a decline, totaling $161.9 million, down 8.6% from the same month last year, further emphasizing the market's current dynamics.

Property Type Analysis

While specific sales data for property types such as detached homes, attached/townhouses, and apartments are not available, the overall market indicators suggest that all property types are experiencing similar trends of increased inventory and declining average prices. The balanced market condition implies that buyers have more options, which may influence pricing strategies across different property types.

Regional Highlights

June 2026 marked the second highest number of new listings in history for this month, significantly surpassing both the five-year and ten-year averages by 9.2% and 18.6%, respectively. This influx of new listings, coupled with a substantial rise in active listings, indicates a shift in the market that could favor buyers if demand does not increase to match the growing supply.

For Buyers

Buyers are encouraged to take advantage of the current market conditions, as the increase in active listings provides a wider selection of homes. With average prices declining, now may be an opportune time to negotiate favorable terms and secure a property that meets their needs.

For Sellers

Sellers should remain mindful of the rising inventory levels and the current market dynamics. To attract buyers, it is advisable to price homes competitively and consider enhancing property appeal through minor renovations or staging, as buyer interest appears to be cautious in the current environment.