MLS® home sales above average during October in Sault Ste. Marie; available homes remain significantly elevated
The number of homes sold through the MLS® System of the Sault Ste. Marie Real Estate Board totaled 155 units in October 2026. This was an increase of 8.4% (12 sales) from October 2025.
Home sales were 7.6% above the five-year average and 5.1% above the 10-year average for the month of October.
On a year-to-date basis, home sales totaled 1,237 units over the first 10 months of the year. This was a large decline of 16% from the same period in 2025.
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/single-family benchmark price was $300,000 in October 2026, a minor decrease of 2% compared to October 2025.
The average price of homes sold in October 2026 was $316,794, increasing by 6.6% from October 2025.
The more comprehensive year-to-date average price was $323,373, a modest decline of 2.4% from the first 10 months of 2025.
The dollar value of all home sales in October 2026 was $49.1 million, up by 15.6% from the same month in 2025.
The number of new listings saw an increase of 8.3% from October 2025. There were 273 new residential listings in October 2026. This was also the largest number of new listings added in the month of October in history.
New listings were 25.2% above the five-year average and 36.9% above the 10-year average for the month of October.
Active residential listings numbered 617 units on the market at the end of October, a sizable gain of 12.6% from the end of October 2025. Active listings haven’t been this high in the month of October in more than five years.
Active listings were 33.8% above the five-year average and 26.4% above the 10-year average for the month of October.
Months of inventory numbered 4 at the end of October 2026, up from the 3.8 months recorded at the end of October 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.
BOARD & ASSOCIATION INFORMATION
The Sault Ste. Marie Real Estate Board aspires to be a recognized leader in developing and providing affordable and high quality support services to its membership, staff and to our community in a responsible and caring manner. The Sault Ste. Marie Real Estate Board hosts the Multiple Listing Service® (MLS®) and represents local REALTORS®. The board serves Sault Ste. Marie and the Algoma District including north to Wawa and east to Elliot Lake.
SAULT STE. MARIE REAL ESTATE BOARD
Contact info:
372 Albert Street East
Sault Ste. Marie, ON
P6A 2J6
Office: (705) 949-4560
Fax: (705) 949-5935
Gary Trembinski
