Cornwall and District Real Estate Board

The number of homes sold through the MLS® System of the Cornwall and District Real Estate Board totaled 236 units in September 2025. This was a modest decline of 2.9% (seven sales) from September 2024.

Home sales were 5.3% below the five-year average and 10.6% below the 10-year average for the month of September.

On a year-to-date basis, home sales totaled 2,411 units over the first nine months of the year. This was up modestly by 1.3% from the same period in 2024.

“Sales activity came in just under the long-term averages for this time of year but has held up surprisingly well since the beginning of 2025 compared to many other markets in the province,” said Derek McEwen, President of the Cornwall and District Real Estate Board. “New listings, while still trending at some of the highest levels in history, are beginning to decline. The balance between supply and demand has been interesting to watch over the past two years. Despite changing dynamics in both, overall inventories have held remarkably steady over that period, with current active inventories hovering around their long-term average.”

The average price of homes sold in September 2025 was $501,238, essentially unchanged, up just 0.9% from September 2024.

The more comprehensive year-to-date average price was $527,776, a moderate gain of 6.4% from the first nine months of 2024.

The dollar value of all home sales in September 2025 was $118.3 million, falling by 2% from the same month in 2024.

The number of new listings saw a decline of 5.1% from September 2024. There were 485 new residential listings in September 2025.

New listings were 4.4% above the five-year average and 7.2% above the 10-year average for the month of September.

Active residential listings numbered 1,085 units on the market at the end of September, nearly unchanged, down only 0.9% (10 listings) from the end of September 2024.

Active listings were 28.2% above the five-year average and 2.9% above the 10-year average for the month of September.

Months of inventory numbered 4.6 at the end of September 2025, up from the 4.5 months recorded at the end of September 2024 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.