Kingston and Area Real Estate Association Reports Balanced Market in August 2026

Kingston and Area Real Estate Association — August 2026

In August 2026, the Kingston and Area Real Estate Association reports a composite benchmark price of $550,100, with total sales reaching 239 units. New listings increased to 562, contributing to a balanced market condition.

Market Analysis

The Kingston real estate market remains balanced as of August 2026, with total sales of 239 units, unchanged from the previous year. This figure is 0.1% above the five-year average but 17.7% below the 10-year average for August. Year-to-date sales have totaled 1,957 units, reflecting a moderate decrease of 6.9% from the same period in 2025. The increase in new listings, which rose by 13.3% year-over-year to 562, has contributed to a notable rise in inventory levels, reaching heights not seen since early 2017. Active listings at the end of August numbered 1,397, marking a 5.1% increase from the previous year and significantly above both the five-year and 10-year averages.

Property Type Analysis

The benchmark price for detached homes stands at $574,500, while attached/townhouse properties are priced at $408,100, and apartments at $350,100. The townhouse/row unit benchmark has seen a modest increase of 1.4% year-over-year, contrasting with a decline of 6.4% in the apartment sector. The average price of homes sold in August 2026 was $612,691, reflecting a 2.7% increase from the previous year, indicating a varied performance across property types.

Regional Highlights

The Kingston area continues to experience robust market activity, with new listings significantly outpacing sales. The dollar value of all home sales in August 2026 reached $146.4 million, up 2.7% from the same month in 2025, marking the highest level for August in five years. This trend suggests a growing enthusiasm among sellers, which may lead to further shifts in market dynamics as inventory levels remain elevated.

For Buyers

Prospective buyers are encouraged to take advantage of the current balanced market conditions, as ample inventory provides a wider selection of properties. With new listings increasing, buyers may find opportunities to negotiate favorable terms.

For Sellers

Sellers should consider the current market dynamics and the increase in new listings when pricing their homes. With inventory levels at a decade high, presenting a well-maintained property and being flexible with pricing can enhance the chances of a successful sale.