Cornwall and District Real Estate Board

The number of homes sold through the MLS® System of the Cornwall and District Real Estate Board totaled 159 units in January 2025. This was up by 4.6% (seven sales) from January 2024.

Home sales were 0.5% below the five-year average and 12.5% above the 10-year average for the month of January.

“Sales activity notched the fourth best January on record, as the momentum that’s been building since the beginning of 2023 has largely continued unabated in our region,” said Vicki Vanderveen, President of the Cornwall and District Real Estate Board. “Meanwhile, new listings are also continuing at a strong pace, which bodes well for a healthy supply and a very active housing market. The overall supply of listings continues to grow, but we’re sitting right in the middle of balanced territory now and our overall outlook is one of stability. One growing concern that has sidelined buyers in markets further west is the threat of a looming trade war and what potential economic fallout that may have, including impacts on the job market.”

The average price of homes sold in January 2025 was $527,445, a sizable gain of 18.8% from January 2024.

The dollar value of all home sales in January 2025 was $83.9 million, a gain of 24.3% from the same month in 2024.

The number of new listings was up modestly by 3.2% (10 listings) from January 2024. There were 321 new residential listings in January 2025. This was the largest number of new listings added in the month of January in more than five years.

New listings were 22.8% above the five-year average and 15.6% above the 10-year average for the month of January.

Active residential listings numbered 991 units on the market at the end of January, a substantial increase of 33.9% from the end of January 2024. Active listings haven’t been this high in the month of January in more than five years.

Active listings were 83.6% above the five-year average and 26.5% above the 10-year average for the month of January.

Months of inventory numbered 6.2 at the end of January 2025, up from the 4.9 months recorded at the end of January 2024 and below the long-run average of 6.4 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.