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.

“Home sales in Norfolk County were down 3.4% year-over-year in August, while new listings rose 3.8% over the same period,” said Bill Duce, CEO of Cornerstone. “Although activity eased compared to the previous month, Norfolk County continues to show resilience, with average sale prices holding steady year-over-year and the MLS® Home Price Index up 2.7% from July. At the same time, inventory remains elevated, with supply up 20.7% year-over-year and months’ supply reaching 9.0 months by the end of August; Norfolk has the most supply across our coverage area. This gives buyers more choice, while sellers need to be mindful of local conditions and pricing strategy. Norfolk County has its own distinct market dynamics, which is why working with a local REALTOR® who understands the area is especially important for buyers and sellers navigating today’s market.”

Norfolk Area Highlights:

• There were 8 fewer sales in August than in the previous month.

• The number of newly listed properties decreased by 12.2% on a month-over-month basis.

• The MLS® Home Price Index (HPI) was $565,400 in August 2026, a 2.7% increase month-over-month and a decline of 1.9% on a year-over-year basis.

• The supply of inventory across the market increased by 20.7% on a year-over-year basis, and there was a 9.0-month supply of all property types by the end of August.

For more information https://cornerstone.inc/housing-market-statistics/