Rideau-St. Lawrence Real Estate Board MLS® home sales post average September while new listings jump to record for the month
The number of homes sold through the MLS® System of the Rideau-St. Lawrence Real Estate Board totaled 228 units in September 2026. This increased by 1.8% (four sales) from September 2025.
Home sales were 4.7% above the five-year average and 8.7% below the 10-year average for the month of September.
On a year-to-date basis, home sales totaled 1,961 units over the first nine months of the year. This was a decline of 6.3% 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 $513,200 in September 2026, falling by 5.3% compared to September 2025.
The benchmark price for single-family homes was $527,900, a decline of 5.8% on a year-over-year basis in September. By comparison, the benchmark price for townhouse/row units was $513,600, down modestly by 2% compared to a year earlier, while the benchmark apartment price was $256,800, a decrease of 5.4% from year-ago levels.
The average price of homes sold in September 2026 was $535,412, down modestly by 3% from September 2025.
The more comprehensive year-to-date average price was $589,750, a minor increase of 2.4% from the first nine months of 2025.
The dollar value of all home sales in September 2026 was $122.1 million, was a small reduction of 1.3% from the same month in 2025.
The number of new listings increased by 8.2% from September 2025. There were 526 new residential listings in September 2026. This was also the largest number of new listings added in the month of September in history.
New listings were 15.2% above the five-year average and 25.7% above the 10-year average for the month of September.
Active residential listings numbered 1,232 units on the market at the end of September, a gain of 11% from the end of September 2025. Active listings haven’t been this high in the month of September in more than five years.
Active listings were 27.6% above the five-year average and 33.1% above the 10-year average for the month of September.
Months of inventory numbered 5.4 at the end of September 2026, up from the 5 months recorded at the end of September 2025 and above the long-run average of 3.9 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
