Cornerstone Association of REALTORS: May 2026 Benchmark Price at $744,000, Down 5.4% Year-Over-Year

Cornerstone Association of REALTORS — May 2026

The Composite Benchmark Price for the Cornerstone Association of REALTORS reached $744,000 in May 2026. This represents a 5.4% decrease compared to the same period last year.

Market Analysis

In May 2026, the Composite Benchmark Price for the Cornerstone Association of REALTORS was $744,000, reflecting a 5.4% decrease on a year-over-year basis. The MLS® Home Price Index (HPI) was $744,000 in May 2026, an increase of 0.8% compared to a month ago, and down 5.4% on a year-over-year basis.

According to Bill Duce, CEO of Cornerstone, "While this May ranks among the slowest we have seen for sales activity, it is important to look at the fuller picture. Since the start of the year, we have seen consistent month-over-month gains in sales activity, and the 6.5 per cent increase in May continues that positive trajectory." Home sales increased 6.5% month-over-month, while the number of newly listed properties decreased by 3.5% on a month-over-month basis. Inventory across the market area decreased by 9.4% on a year-over-year basis, and the months’ supply increased to 4.8 months for all property types by the end of May.

Property Type Analysis

In May 2026, the benchmark price for a detached property was $837,400. Attached/townhouse properties had a benchmark price of $636,700, and apartment properties recorded a benchmark price of $453,700.