Woodstock Ingersoll Tillsonburg & Area Association of REALTORS

The number of homes sold through the MLS® System of the Woodstock Ingersoll Tillsonburg & Area Association of REALTORS® totaled 192 units in May 2026. This increased by 15% from May 2025. Residential sales haven’t hit this level in the month of May in five years.

Home sales were 8.5% above the five-year average and 1.7% below the 10-year average for the month of May.

On a year-to-date basis, home sales totaled 654 units over the first five months of the year. This was up only 0.3% (two sales) from the same period in 2025.

“May was an encouraging month for the local housing market, with sales rising from both last year and from April, reaching the highest May total since 2021 and the highest single month sales total March 2022. New listings also surged, marking one of the highest monthly totals on record,” said Derrek de Jonge, President of the Woodstock Ingersoll Tillsonburg & Area Association of REALTORS®. “With listings outpacing sales by more than 2 to 1, active inventory continued to build and remains elevated for this time of year. The MLS® HPI Composite Benchmark Price remained relatively stable, and market conditions moved into balanced territory with little clear advantage for either buyers or sellers. That said, one month does not make a trend. In a shifting market buyers and sellers should consider speaking with a trusted local REALTOR® to understand how conditions on the ground impact their specific situation.”

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 $581,500 in May 2026, falling by 5.3% compared to May 2025.

The benchmark price for single-family homes was $600,500, a decline of 5.1% on a year-over-year basis in May. By comparison, the benchmark price for townhouse/row units was $376,500, down by 9.1% compared to a year earlier.

The average price of homes sold in May 2026 was $611,357, up modestly by 2.9% from May 2025.

The more comprehensive year-to-date average price was $617,178, a minor decrease of 1.3% from the first five months of 2025.

The dollar value of all home sales in May 2026 was $117.4 million, a sizable gain of 18.4% from the same month in 2025.

The number of new listings decreased by 3.4% (14 listings) from May 2025. There were 403 new residential listings in May 2026.

New listings were 12.2% above the five-year average and 26% above the 10-year average for the month of May.

Active residential listings numbered 754 units on the market at the end of May, a gain of 4.6% from the end of May 2025. Active listings haven’t been this high in the month of May in more than a decade.

Active listings were 37.3% above the five-year average and 74.9% above the 10-year average for the month of May.

Months of inventory numbered 3.9 at the end of May 2026, down from the 4.3 months recorded at the end of May 2025 and above the long-run average of 2.4 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.