Rideau-St. Lawrence Real Estate Board MLS® home sales stable in September as new listings reach new heights
The number of homes sold through the MLS® System of the Rideau-St. Lawrence Real Estate Board totaled 224 units in September 2025. This decreased by 3% (seven sales) from September 2024.
Home sales were 0.6% below the five-year average and 11.4% below the 10-year average for the month of September.
On a year-to-date basis, home sales totaled 2,096 units over the first nine months of the year. This was a modest gain of 2.8% 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 $537,400 in September 2025, increasing by 3.8% compared to September 2024.
The benchmark price for single-family homes was $550,500, a modest gain of 3.7% on a year-over-year basis in September. By comparison, the benchmark price for townhouse/row units was $587,700, up by 4.9% compared to a year earlier, while the benchmark apartment price was $266,200, essentially unchanged, up just 0.1% from year-ago levels.
The average price of homes sold in September 2025 was $551,934, down by 4.6% from September 2024.
The more comprehensive year-to-date average price was $579,140, a minor increase of 2.7% from the first nine months of 2024.
The dollar value of all home sales in September 2025 was $123.6 million, a moderate decrease of 7.5% from the same month in 2024.
The number of new listings increased by 4.1% from September 2024. There were 486 new residential listings in September 2025. This was also the largest number of new listings added in the month of September in history.
New listings were 14.8% above the five-year average and 19.8% above the 10-year average for the month of September.
Active residential listings numbered 1,094 units on the market at the end of September, a gain of 10.3% from the end of September 2024. Active listings haven’t been this high in the month of September in more than five years.
Active listings were 35.9% above the five-year average and 12.8% above the 10-year average for the month of September.
Months of inventory numbered 4.9 at the end of September 2025, up from the 4.3 months recorded at the end of September 2024 and above the long-run average of 4 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
