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

Kingston and Area Real Estate Association — July 2026

In July 2026, the Kingston and Area Real Estate Association reports a composite benchmark price of $552,500, with total sales reaching 309 units. This reflects a slight year-over-year decrease in price of 0.6%, while the average price of homes sold increased to $658,437.

Market Analysis

The real estate market in Kingston remains balanced as July 2026 shows a total of 309 home sales, which is only a marginal decline of 0.3% from the previous year. New listings totaled 682, marking the fourth highest July on record and contributing to an increase in active listings to 1,500 units. The months of inventory stands at 4.9, indicating that the current supply is sufficient to meet buyer demand, though it is slightly above the long-term average of 3.3 months.

Property Type Analysis

In terms of property types, the benchmark price for detached homes is $577,000, while attached/townhouses and apartments are priced at $396,600 and $358,000, respectively. Although specific sales data for each property type is not available, the overall trends suggest that detached homes are maintaining relative price stability, while townhouses and apartments have seen minor decreases compared to last year.

Regional Highlights

The Kingston region benefits from increased inventory levels, with active listings up 1.6% year-over-year, the highest in a decade for July. The Ontario government's recent announcement of $3.2 million in funding through the Building Faster Fund is expected to bolster local infrastructure and housing development, supporting long-term growth in the area.

For Buyers

Prospective buyers are encouraged to take advantage of the current balanced market, as the increase in active listings provides a wider selection of homes. With the average price showing a modest increase, buyers should consider their options carefully and be prepared to act quickly in a competitive environment.

For Sellers

Sellers are advised to price their homes competitively in light of the current market conditions. With active listings at a decade-high, ensuring that homes are well-presented and marketed effectively will be crucial in attracting potential buyers and achieving favorable sale prices.