Cornwall and District Real Estate Board

The number of homes sold through the MLS® System of the Cornwall and District Real Estate Board totaled 133 units in January 2026. This was a sharp decrease of 18.9% from January 2025.

Home sales were 10.6% below the five-year average and 12.3% below the 10-year average for the month of January.

“Demand for homes waned throughout 2025 to below-average levels, a trend that has continued into 2026,” said Derek McEwen, President of the Cornwall and District Real Estate Board. “Sellers, on the other hand, remain undeterred and are out in force trying to land a deal on their properties. While the level of new supply coming onto the market is trending near historical highs, overall inventories have not risen by much over the past few months. This suggests there is a lot of churn among new listings as sellers attempt to find the right price that might attract a buyer in this market. Average prices rose to a new all-time record, though that was more a result of a few higher-end sales skewing the figure.”

The average price of homes sold in January 2026 was a record $553,242, an increase of 4.7% from January 2025.

The dollar value of all home sales in January 2026 was $73.6 million, a substantial decline of 15.1% from the same month in 2025.

The number of new listings saw a modest gain of 2.9% (10 listings) from January 2025. There were 355 new residential listings in January 2026. This was the largest number of new listings added in the month of January in more than five years.

New listings were 18.3% above the five-year average and 21% above the 10-year average for the month of January.

Active residential listings numbered 801 units on the market at the end of January, up by 7.1% from the end of January 2025. Active listings haven’t been this high in the month of January in more than five years.

Active listings were 30.6% above the five-year average and 7.1% above the 10-year average for the month of January.

Months of inventory numbered 6 at the end of January 2026, up from the 4.6 months recorded at the end of January 2025 and above the long-run average of 5.3 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.