Cornerstone Association of REALTORS - Norfolk County

The statistics provided in this report are based on information from the ITSO MLS® System. Multiple MLS® Systems operate within Ontario, and while none can be guaranteed to include every property listed or sold within a given area, they effectively illustrate market trends.

The number of homes sold in Norfolk County via the MLS® System of the Cornerstone Association of REALTORS® (Cornerstone) totaled 41 units in December 2025. This was down sharply by 33.9% from December 2024. Home sales were 22.1% below the five-year average and 26.5% below the 10-year average for the month of December. On an annual basis, home sales totaled 991 units over the course of 2025. This was a decrease of 5.3% from 2024. “We saw a notable slowdown during December, with sales well below last year’s total and well under the usual pace for the month. New listings also followed the seasonal pattern, dipping below 100 homes, though they remained above December 2024,” said Drew Hemsley, Cornerstone spokesperson for the Norfolk County market area. “Overall inventory eased from recent months to levels not seen since early 2025. Having said that, active listings remained notably above the norm for the month, marking the highest year-end level since 2014. MLS® benchmark prices were up across most categories with the exception of townhouses. In other news, the Bank of Canada kept rates unchanged in December and signalled they will likely maintain that stance unless the economic picture shifts. Those buyers and sellers that have been waiting for rates to hit bottom may want to take note as that time may have come.” 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 $565,800 in December 2025, a modest gain of 2.1% compared to December 2024. The benchmark price for single-family homes was $566,700, up modestly by 2.2% on a year-over-year basis in December. By comparison, the benchmark price for townhouse/row units was $486,200, a substantial decrease of 10% compared to a year earlier. The average price of homes sold in December 2025 was $684,271, a sizable gain of 12.3% from December 2024. The more comprehensive annual average price was $624,978, decreasing by 1.5% from all of 2024. The dollar value of all home sales in December 2025 was $28.1 million, a sharp decrease of 25.7% from the same month in 2024. The number of new listings was up by 13.2% (10 listings) from December 2024. There were 86 new residential listings in December 2025. New listings were 15.6% above the five-year average and 34.6% above the 10-year average for the month of December. Active residential listings numbered 375 units on the market at the end of December, an increase of 5.6% from the end of December 2024. Active listings haven’t been this high in the month of December in more than a decade. Active listings were 38.5% above the five-year average and 72.3% above the 10-year average for the month of December. Months of inventory numbered 9.1 at the end of December 2025, up from the 5.7 months recorded at the end of December 2024 and above the long-run average of 4.3 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.