Rideau-St. Lawrence Real Estate Board resale market softens in February
The number of homes sold through the MLS® System of the Rideau-St. Lawrence Real Estate Board totaled 113 units in February 2026. This was a sharp decrease of 25.2% from February 2025.
Home sales were 22.6% below the five-year average and 27.8% below the 10-year average for the month of February.
On a year-to-date basis, home sales totaled 220 units over the first two months of the year. This was down sharply by 21.4% 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 $522,200 in February 2026, a modest decline of 1.3% compared to February 2025.
The benchmark price for single-family homes was $538,300, down modestly by 1.8% on a year-over-year basis in February. By comparison, the benchmark price for townhouse/row units was $515,900, a minor decrease of 1.8% compared to a year earlier, while the benchmark apartment price was $273,300, a sizable gain of 10.3% from year-ago levels.
The average price of homes sold in February 2026 was $525,247, a decrease of 4% from February 2025.
The more comprehensive year-to-date average price was $546,405, a slight gain of 0.6% from the first two months of 2025.
The dollar value of all home sales in February 2026 was $59.4 million, a substantial decline of 28.2% from the same month in 2025.
The number of new listings saw a decline of 5.9% from February 2025. There were 270 new residential listings in February 2026.
New listings were 5.3% above the five-year average and 0.6% above the 10-year average for the month of February.
Active residential listings numbered 715 units on the market at the end of February, up by 12.1% from the end of February 2025. Active listings haven’t been this high in the month of February in more than five years.
Active listings were 29.9% above the five-year average and 9.6% above the 10-year average for the month of February.
Months of inventory numbered 6.3 at the end of February 2026, up from the 4.2 months recorded at the end of February 2025 and above the long-run average of 4.6 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
