Kingston and Area Real Estate Association

The number of homes sold through the MLS® System of the Kingston and Area Real Estate Association totaled 248 units in October 2025. This was a small gain of 1.2% (three sales) from October 2024.

Home sales were 2.4% above the five-year average and 10% below the 10-year average for the month of October.

On a year-to-date basis, home sales totaled 2,582 units over the first 10 months of the year. This increased by 1.2% from the same period in 2024.

“The recovery in demand in the Kingston housing market has been slow but steady, as sales continued to edge higher from month to month and on a year-over-year basis,” said Mary Ambrose, President of the Kingston and Area Real Estate Association. “Meanwhile, sellers recorded their most active October on record, marking the first time in history that any October had notched more than 600 new listings in this month. This is welcome news to our local area, seeing buyers and sellers alike active in the market. Overall inventories have also begun to decline as demand continues to pick up – with our market balance teetering on the edge of a buyer’s market this will hopefully have the effect of tightening our market balance should trends persist through the end of 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 $557,500 in October 2025, up modestly by 2.1% compared to October 2024.

The benchmark price for single-family homes was $578,300, a minor increase of 3.3% on a year-over-year basis in October. By comparison, the benchmark price for townhouse/row units was $476,700, a moderate decrease of 8.5% compared to a year earlier, while the benchmark apartment price was $390,300, falling by 6.5% from year-ago levels.

The average price of homes sold in October 2025 was $622,665, a modest gain of 3.4% from October 2024.

The more comprehensive year-to-date average price was $623,364, up modestly by 1.2% from the first 10 months of 2024.

The dollar value of all home sales in October 2025 was $154.4 million, an increase of 4.7% from the same month in 2024.

The number of new listings saw a sizable gain of 21.6% from October 2024. There were 609 new residential listings in October 2025. This was also the largest number of new listings added in the month of October in history.

New listings were 25.3% above the five-year average and 33% above the 10-year average for the month of October.

Active residential listings numbered 1,230 units on the market at the end of October, increasing by 8.8% from the end of October 2024. Active listings haven’t been this high in the month of October in more than five years.

Active listings were 37.6% above the five-year average and 36% above the 10-year average for the month of October.

Months of inventory numbered 5 at the end of October 2025, up from the 4.6 months recorded at the end of October 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.