Kingston and Area Real Estate Association

The number of homes sold through the MLS® System of the Kingston and Area Real Estate Association totaled 171 units in February 2026. This was a decrease of 4.5% (eight sales) from February 2025.

Home sales were 10.4% below the five-year average and 18% below the 10-year average for the month of February.

On a year-to-date basis, home sales totaled 291 units over the first two months of the year. This was a large decline of 11.8% from the same period in 2025.

“Since rebounding in early 2025 home sales have stalled, while new listings have declined as sellers have scaled back their energies on finding buyers for their properties,” said Luca Andolfatto, President of the Kingston and Area Real Estate Association. “This has left our local market at slightly lower levels of inventory compared to the summer of 2025 while firming up market balance to sit right in the middle of balanced territory. The busier spring market is still a few months away, so for the time being we’re keeping an eye on any emerging trends that might provide some guidance on what to expect in the coming months.”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $522,900 in February 2026, a decrease of 7.8% compared to February 2025.

The benchmark price for single-family homes was $544,800, a moderate decrease of 8.2% on a year-over-year basis in February. By comparison, the benchmark price for townhouse/row units was $394,200, a substantial decline of 10.8% compared to a year earlier, while the benchmark apartment price was $363,300, a decline of 6.6% from year-ago levels.

The average price of homes sold in February 2026 was $550,354, decreasing by 9.7% from February 2025.

The more comprehensive year-to-date average price was $555,900, a decline of 8.2% from the first two months of 2025.

The dollar value of all home sales in February 2026 was $94.1 million, down sharply by 13.7% from the same month in 2025.

The number of new listings saw a substantial decrease of 20.5% from February 2025. There were 333 new residential listings in February 2026.

New listings were 9.1% below the five-year average and 11.1% below the 10-year average for the month of February.

Active residential listings numbered 808 units on the market at the end of February, a moderate decrease of 4.7% from the end of February 2025.

Active listings were 27.8% above the five-year average and 23.2% above the 10-year average for the month of February.

Months of inventory numbered 4.7 at the end of February 2026, unchanged from the 4.7 months recorded at the end of February 2025 and above the long-run average of 3.4 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.