Thunder Bay Real Estate Board

Sales of single detached homes in the City of Thunder Bay numbered 113 units in July 2026. This was a decrease of 16.3% from the same period in 2025.

Single detached home sales were 0.2% above the five-year average and 1.5% below the 10-year average for the month of July.

On a year-to-date basis, single detached home sales totaled 512 units over the first seven months of the year. This was down by 11% from the same period in 2025.

“July delivered a remarkably steady month for our local markets. While sales remained below last year’s levels, activity was virtually unchanged from June and landed right around where we would typically expect it to be at this point in the summer. The number of newly listed homes eased back below 400 but still came in above the long term average for July, while active inventory climbed above 600 available homes for the first time since September 2024, returning to levels consistent with the five-year average,” said Karen Hill, President of the Thunder Bay Real Estate Board. “Perhaps most notable is the continued strength in pricing. The average sale price remained above $400K for the fourth consecutive month, something we haven’t seen before, climbing to yet another all-time high in July. Taken together, the numbers point to a market that is finding greater balance while continuing to demonstrate impressive price resilience.”

The median sale price for single detached homes sold in July 2026 was $420,000, a minor increase of 2.2% from July 2025.

The more comprehensive year-to-date median price was $420,000, a moderate gain of 6.6% from the first seven months of 2025.

Single detached properties spent more time on the market before selling in July 2026 than they had a year earlier. The median number of days on market for single detached home sales was 17 in July 2026, up from the 15 days recorded in July 2025.

The dollar value of all single detached home sales in July 2026 was $52.4 million, falling by 9.3% from the same month in 2025.