Kingston and Area Real Estate Association

The number of homes sold through the MLS® System of the Kingston and Area Real Estate Association totaled 237 units in August 2025. This was down modestly by 1.7% (four sales) from August 2024.

Home sales were 6.1% below the five-year average and 21% below the 10-year average for the month of August.

On a year-to-date basis, home sales totaled 2,099 units over the first eight months of the year. This was unchanged (one sale) from the same period in 2024.

“Sales activity bounced back after a weak spring and has been trending just below average levels since that time,” said Mary Ambrose, President of the Kingston and Area Real Estate Association. “Sellers are still out in force and the overall level of inventory on the market continues to grow. With supply at the highest level in over eight years and the market balance shifting towards buyer’s territory, it’s an opportune time for those considering a return to the market from the sidelines.”

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 $564,100 in August 2025, a modest gain of 2.9% compared to August 2024.

The benchmark price for single-family homes was $585,700, up by 4.4% on a year-over-year basis in August. By comparison, the benchmark price for townhouse/row units was $476,400, a decrease of 9.5% compared to a year earlier, while the benchmark apartment price was $392,300, a moderate decrease of 6.6% from year-ago levels.

The average price of homes sold in August 2025 was $597,275, a small gain of 3.9% from August 2024.

The more comprehensive year-to-date average price was $623,340, edging up 0.5% from the first eight months of 2024.

The dollar value of all home sales in August 2025 was $141.6 million, a modest gain of 2.2% from the same month in 2024.

The number of new listings was down modestly by 3.1% from August 2024. There were 498 new residential listings in August 2025.

New listings were 6% above the five-year average and 2.1% above the 10-year average for the month of August.

Active residential listings numbered 1,325 units on the market at the end of August, an increase of 8% from the end of August 2024. Active listings haven’t been this high in the month of August in more than five years.

Active listings were 43.8% above the five-year average and 30.9% above the 10-year average for the month of August.

Months of inventory numbered 5.6 at the end of August 2025, up from the 5.1 months recorded at the end of August 2024 and above the long-run average of 3.5 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.