Rideau-St. Lawrence Real Estate Board MLS® home sales, new listings still on the decline in April
The number of homes sold through the MLS® System of the Rideau-St. Lawrence Real Estate Board totaled 218 units in April 2025. This was a sharp decrease of 15.8% from April 2024.
Home sales were 22.4% below the five-year average and 13.7% below the 10-year average for the month of April.
On a year-to-date basis, home sales totaled 673 units over the first four months of the year. This was down by 5.1% from the same period in 2024.
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 $485,300 in April 2025, a decline of 4.5% compared to April 2024.
The benchmark price for single-family homes was $497,900, down by 4.4% on a year-over-year basis in April. By comparison, the benchmark price for townhouse/row units was $390,700, a substantial increase of 36.4% compared to a year earlier, while the benchmark apartment price was $268,300, a big reduction of 10.5% from year-ago levels.
The average price of homes sold in April 2025 was $599,970, an increase of 7% from April 2024.
The more comprehensive year-to-date average price was $573,188, a small gain of 3.6% from the first four months of 2024.
The dollar value of all home sales in April 2025 was $130.8 million, falling by 9.9% from the same month in 2024.
The number of new listings saw a sharp decrease of 20.7% from April 2024. There were 459 new residential listings in April 2025.
New listings were 3.2% below the five-year average and 5.7% above the 10-year average for the month of April.
Active residential listings numbered 1,137 units on the market at the end of April, up by 29.9% from the end of April 2024. Active listings haven’t been this high in the month of April in more than five years.
Active listings were 71.4% above the five-year average and 40.6% above the 10-year average for the month of April.
Months of inventory numbered 5.2 at the end of April 2025, up from the 3.4 months recorded at the end of April 2024 and above the long-run average of 3.5 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
