Cornwall and District Real Estate Board

The number of homes sold through the MLS® System of the Cornwall and District Real Estate Board totaled 127 units in December 2025. This was a sharp decrease of 11.2% from December 2024.

Home sales were 7.6% below the five-year average and 11.8% below the 10-year average for the month of December.

On an annual basis, home sales totaled 3,000 units over the course of 2025. This was down modestly by 1.8% from 2024.

“Sales activity showed signs of slowing down over the second half of 2025 in tandem with reduced seller activity, while inventory levels remained remarkably steady throughout the year,” said Derek McEwen, President of the Cornwall and District Real Estate Board. “A stronger first half helped to prop up annual sales close to where they stood in 2024. Although demand weakened in the second half, our local market remained firmly in balanced territory through the end of 2025. Looking ahead to 2026 we await buyers’ and sellers’ first moves in the wake of the Bank of Canada’s closing interest rate announcement from December that essentially spelled out the bottom of rates for the time being.”

The average price of homes sold in December 2025 was $512,876, an increase of 4.6% from December 2024.

The more comprehensive annual average price was $522,747, a moderate gain of 5.4% from all of 2024.

The dollar value of all home sales in December 2025 was $65.1 million, falling by 7.1% from the same month in 2024.

The number of new listings saw a decline of 8.3% (14 listings) from December 2024. There were 155 new residential listings in December 2025.

New listings were 1.6% above the five-year average and 2% below the 10-year average for the month of December.

Active residential listings numbered 763 units on the market at the end of December, up by 5.4% from the end of December 2024. Active listings haven’t been this high in the month of December in more than five years.

Active listings were 28.9% above the five-year average and 4.8% above the 10-year average for the month of December.

Months of inventory numbered 6 at the end of December 2025, up from the 5.1 months recorded at the end of December 2024 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.