Kingston and Area Real Estate Association Reports Balanced Market Conditions for June 2026

Kingston and Area Real Estate Association — June 2026

In June 2026, the Kingston and Area Real Estate Association recorded a composite benchmark price of $549,900, with total sales reaching 353 units. This represents a slight year-over-year decline in prices of 1.2%, while new listings surged to a record high of 858.

Market Analysis

The Kingston real estate market remains balanced, with a months of inventory (MOI) at 4.3, indicating a healthy equilibrium between supply and demand. Total sales of 353 units in June 2026 reflect a marginal decrease of 0.3% from the previous year, yet they are 2.9% above the five-year average. The increase in new listings, which rose by 12.5% compared to June 2025, has contributed to a significant rise in active listings, now totaling 1,534 units, the highest for June in a decade. This influx of inventory suggests that buyer demand is not keeping pace with the growing supply, leading to a more favorable environment for buyers.

Property Type Analysis

When examining property types, the benchmark price for detached homes stands at $575,300, while attached/townhouses are priced at $398,200, and apartments at $348,400. Each category has experienced varying degrees of price adjustments, with detached homes seeing a modest decline of 1.4% year-over-year, while townhouses and apartments have seen decreases of 5% and 4.4%, respectively. This divergence in price trends indicates that buyers may find more value in certain segments of the market, particularly in attached and apartment properties.

Regional Highlights

Regionally, the Kingston area is witnessing a notable increase in inventory levels, with active listings up by 5.9% from June 2025 and 28.4% above the five-year average. The dollar value of all home sales reached $230.3 million, marking a 1.9% increase from the same month last year, indicating a robust market activity despite the slight decline in prices. This trend of increasing listings and stable sales suggests that the local market is adapting to changing buyer preferences and economic conditions.

For Buyers

Prospective buyers are encouraged to take advantage of the current market conditions, as the increased inventory provides a wider selection of properties. With a balanced market and a variety of options available, buyers should consider conducting thorough research and potentially negotiating on price, as sellers may be more open to offers given the current dynamics.

For Sellers

Sellers should remain aware of the shifting market landscape characterized by rising inventory levels. To attract buyers, it is advisable to price homes competitively and ensure properties are in excellent condition. Highlighting unique features and being flexible with showings can also enhance the chances of a successful sale in this balanced market.