Kingston and Area Real Estate Association

The number of homes sold through the MLS® System of the Kingston and Area Real Estate Association totaled 156 units in December 2025. This was a moderate gain of 5.4% (eight sales) from December 2024.

Home sales were 13.9% above the five-year average and 0.2% below the 10-year average for the month of December.

On an annual basis, home sales totaled 2,922 units over the course of 2025. This edged up 0.1% (three sales) from 2024.

“For the year as a whole, 2025 came in on par with annual totals from 2024. Looking closer at the monthly trend, December’s sales were at the higher end of the long-term averages for the month, showing some very positive momentum heading into 2026,” said Mary Ambrose, President of the Kingston and Area Real Estate Association. “Though much of the past year was characterized by the chaos and uncertainty surrounding tariffs, our local market seemed to stabilize over the later part of the second half of the year. Inventories, which had previously been on the rise, are now declining, and the market is resting a little more comfortably inside balanced territory and away from a buyer’s market. Whether these trends hold depends on whether any new and unexpected economic developments unfold in early 2026, although we are obviously hoping for a more steady-as-she-goes opening to the year.”

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 $527,600 in December 2025, a decrease of 5.1% compared to December 2024.

The benchmark price for single-family homes was $550,300, a moderate decrease of 5.2% on a year-over-year basis in December. By comparison, the benchmark price for townhouse/row units was $399,100, falling by 9.7% compared to a year earlier, while the benchmark apartment price was $361,600, a decline of 7.7% from year-ago levels.

The average price of homes sold in December 2025 was $605,844, a modest gain of 2.6% from December 2024.

The more comprehensive annual average price was $621,299, up modestly by 1.1% from all of 2024.

The dollar value of all home sales in December 2025 was $94.5 million, an increase of 8.2% from the same month in 2024.

The number of new listings saw a big reduction of 26.2% from December 2024. There were 175 new residential listings in December 2025.

New listings were 2% above the five-year average and 0.8% below the 10-year average for the month of December.

Active residential listings numbered 765 units on the market at the end of December, increasing by 2.3% 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 36.8% above the five-year average and 35.6% above the 10-year average for the month of December.

Months of inventory numbered 4.9 at the end of December 2025, down from the 5.1 months recorded at the end of December 2024 and above the long-run average of 3.9 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.