Kingston and Area Real Estate Association

The number of homes sold through the MLS® System of the Kingston and Area Real Estate Association totaled 178 units in March 2026. This was a substantial decline of 11.9% from March 2025.

Home sales were 24.9% below the five-year average and 38.8% below the 10-year average for the month of March.

On a year-to-date basis, home sales totaled 468 units over the first three months of the year. This was a significant decrease of 12% from the same period in 2025.

“Sales activity was trending below long-term averages in March, while new listings saw a sharp upswing after a quieter February,” said Luca Andolfatto, President of the Kingston and Area Real Estate Association. “Kingston council is considering a major expansion of the urban growth boundary along Highway 15 and Creekford Road. If implemented, this would unlock land for future residential development and add needed housing supply to our region.”

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 $523,600 in March 2026, falling by 8.6% compared to March 2025.

The benchmark price for single-family homes was $546,700, a decline of 8.4% on a year-over-year basis in March. By comparison, the benchmark price for townhouse/row units was $376,600, down sharply by 13.9% compared to a year earlier, while the benchmark apartment price was $358,600, a substantial decrease of 14.1% from year-ago levels.

The average price of homes sold in March 2026 was $572,298, down sharply by 11% from March 2025.

The more comprehensive year-to-date average price was $562,692, a decrease of 9.2% from the first three months of 2025.

The dollar value of all home sales in March 2026 was $101.9 million, a big reduction of 21.6% from the same month in 2025.

The number of new listings increased by 4.1% from March 2025. There were 607 new residential listings in March 2026. This was the largest number of new listings added in the month of March in five years.

New listings were 11.1% above the five-year average and 6.4% above the 10-year average for the month of March.

Active residential listings numbered 970 units on the market at the end of March, a decline of 4.4% from the end of March 2025.

Active listings were 28.1% above the five-year average and 24.6% above the 10-year average for the month of March.

Months of inventory numbered 5.4 at the end of March 2026, up from the 5 months recorded at the end of March 2025 and above the long-run average of 3 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.