Cornwall and District Real Estate Board

The number of homes sold through the MLS® System of the Cornwall and District Real Estate Board totaled 295 units in April 2025. This was a minor decrease of 3.3% (10 sales) from April 2024.

Home sales were 9.8% below the five-year average and 2.9% above the 10-year average for the month of April.

On a year-to-date basis, home sales totaled 880 units over the first four months of the year. This was a small reduction of 2.2% from the same period in 2024.

“Home sales recovered from last month’s drop, rising to about halfway between where activity had been in February and March,” said Vicki Vanderveen, President of the Cornwall and District Real Estate Board. “New listings have turned a corner from their recent record highs and are now trending closer to average levels for this time of year. With inventories climbing to the highest levels since the late summer of 2018, it’s possible that some sellers who don’t need to offload their property may be waiting until market conditions tighten, as price growth seems to be moderating at the moment.”

The average price of homes sold in April 2025 was $521,470, increasing by 1.7% from April 2024.

The more comprehensive year-to-date average price was $519,621, a gain of 6.5% from the first four months of 2024.

The dollar value of all home sales in April 2025 was $153.8 million, down modestly by 1.7% from the same month in 2024.

The number of new listings saw a decrease of 8.7% from April 2024. There were 493 new residential listings in April 2025.

New listings were 1.9% above the five-year average and 5.5% above the 10-year average for the month of April.

Active residential listings numbered 1,176 units on the market at the end of April, a sizable gain of 25.4% from the end of April 2024. Active listings haven’t been this high in the month of April in more than five years.

Active listings were 70% above the five-year average and 21.3% above the 10-year average for the month of April.

Months of inventory numbered 4 at the end of April 2025, up from the 3.1 months recorded at the end of April 2024 and above the long-run average of 3.7 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.