Kingston and Area Real Estate Association: May 2026 Sales Total 317 Units; Composite Benchmark Price Reaches $545,800, Up 0.3% Year-Over-Year

Kingston and Area Real Estate Association — May 2026

The Kingston and Area Real Estate Association reported 317 home sales in May 2026. The Composite Benchmark Price stood at $545,800, marking a 0.3% increase from May 2025, while the Average Price was $639,295.

Market Analysis

The Kingston and Area Real Estate Association reported that the number of homes sold through its MLS® System totaled 317 units in May 2026. The overall MLS® HPI composite benchmark price was $545,800 in May 2026, edging up 0.3% compared to May 2025. The average price of homes sold in May 2026 was $639,295, up 0.2% from May 2025. The more comprehensive year-to-date average price was $605,501, a decrease of 3.3% from the first five months of 2025. The dollar value of all home sales in May 2026 was $202.7 million.

New listings numbered 915 residential units in May 2026. Active residential listings numbered 1,437 units on the market at the end of May. "Sales activity dropped off sharply on a monthly basis as winter came to a close and hasn’t recovered as of yet, despite historically elevated levels of new supply coming onto the market,” said Luca Andolfatto, President of the Kingston and Area Real Estate Association. “Our market balance has moved into buyer’s territory and inventories are on the rise, but that hasn’t pulled demand back into the market. It’s possible with the introduction of the new GST/HST rebates from both the federal and provincial governments that some buyers have shifted into the new home market for the time being.” Months of inventory numbered 4.5 at the end of May 2026.

Property Type Analysis

The benchmark price for single-family homes was $572,000 in May 2026, up 0.6% on a year-over-year basis. The benchmark price for townhouse/row units was $394,800, down by 5.4% compared to a year earlier. The benchmark apartment price was $341,700, a decrease of 8.4% from year-ago levels. Sales figures for individual property types were not available.