Cornwall and District Real Estate Board

The number of homes sold through the MLS® System of the Cornwall and District Real Estate Board totaled 164 units in February 2026. This was a substantial decline of 22.6% from February 2025.

Home sales were 16.2% below the five-year average and 16.6% below the 10-year average for the month of February.

On a year-to-date basis, home sales totaled 297 units over the first two months of the year. This was a significant decrease of 21% from the same period in 2025.

“Sales activity continued to soften in February, continuing a trend that has been ongoing since the beginning of 2025,” said Derek McEwen, President of the Cornwall and District Real Estate Board. “New listings, meanwhile, have been coming online at the strongest levels since the mid-2010s over the past few years as sellers seem keenly intent on finding buyers for their properties. Inventories have started to rise over the past few months, although our market remains in balanced territory and is still posting modest price gains for the time being.”

The average price of homes sold in February 2026 was $513,713, up modestly by 1.2% from February 2025.

The more comprehensive year-to-date average price was $531,414, a minor increase of 2.9% from the first two months of 2025.

The dollar value of all home sales in February 2026 was $84.2 million, a big reduction of 21.7% from the same month in 2025.

The number of new listings increased by 9.4% from February 2025. There were 371 new residential listings in February 2026. This was the largest number of new listings added in the month of February in more than five years.

New listings were 14.9% above the five-year average and 15.1% above the 10-year average for the month of February.

Active residential listings numbered 887 units on the market at the end of February, a gain of 13.3% 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 36.7% above the five-year average and 13.2% above the 10-year average for the month of February.

Months of inventory numbered 5.4 at the end of February 2026, up from the 3.7 months recorded at the end of February 2025 and above the long-run average of 4.2 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.