Rideau-St. Lawrence Real Estate Board MLS® home sales post average August, new listings rise to new record for month
The number of homes sold through the MLS® System of the Rideau-St. Lawrence Real Estate Board totaled 241 units in August 2026. This was a decrease of 6.6% from August 2025.
Home sales were 1.2% above the five-year average and 11% below the 10-year average for the month of August.
On a year-to-date basis, home sales totaled 1,735 units over the first eight months of the year. This was a moderate decrease of 7.2% from the same period in 2025.
The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $540,300 in August 2026, a minor increase of 1.7% compared to August 2025.
The benchmark price for single-family homes was $558,200, a small gain of 1.8% on a year-over-year basis in August. By comparison, the benchmark price for townhouse/row units was $521,500, edging down 0.8% compared to a year earlier, while the benchmark apartment price was $269,500, a modest decline of 1.5% from year-ago levels.
The average price of homes sold in August 2026 was $566,451, increasing by 1.1% from August 2025.
The more comprehensive year-to-date average price was $596,655, a modest gain of 3% from the first eight months of 2025.
The dollar value of all home sales in August 2026 was $136.5 million, down by 5.6% from the same month in 2025.
The number of new listings saw an increase of 24.6% from August 2025. There were 501 new residential listings in August 2026. This was also the largest number of new listings added in the month of August in history.
New listings were 20.4% above the five-year average and 21.9% above the 10-year average for the month of August.
Active residential listings numbered 1,255 units on the market at the end of August, a sizable gain of 13.9% from the end of August 2025. Active listings haven’t been this high in the month of August in more than five years.
Active listings were 31.2% above the five-year average and 32.6% above the 10-year average for the month of August.
Months of inventory numbered 5.2 at the end of August 2026, up from the 4.3 months recorded at the end of August 2025 and above the long-run average of 3.6 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
Board & Association Information
The Rideau-St. Lawrence Real Estate Board was incorporated in January 1954 to provide an information exchange service for Members. That exchange service has evolved into today's modern MLS® system (Multiple Listing Service®), one of the most effective real estate marketing systems in North America. The national website is www.REALTOR.ca. The Rideau-St. Lawrence Real Estate Board covers a large geographic area that includes the United Counties of Leeds & Grenville, Lanark and part of Dundas County in Eastern Ontario.
For more information,
please contact:
(613) 342-3103
rideau@bellnet.ca
Chris Wiltshire
