T
he number of homes sold through the MLS® System of the Kingston and Area Real Estate Association totaled 121 units in January 2026. This was down sharply by 19.9% from January 2025.
Home sales were 10.2% below the five-year average and 19.8% below the 10-year average for the month of January.
“Sales activity stabilized in the spring of 2025 and maintained solid, albeit below-average, levels through the end of the year and now into the beginning of 2026,” said Luca Andolfatto, President of the Kingston and Area Real Estate Association. “Although we’re still a long way off from pre-pandemic normality, demand has not faded away and returned to a declining trend as it has in other markets in the province. New listings, on the other hand, are coming off their recent peak, which is helping to gradually reduce overall inventories and keep our market from dipping back into buyer’s territory.”
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 $517,600 in January 2026, falling by 6.2% compared to January 2025.
The benchmark price for single-family homes was $538,700, a decline of 6.3% on a year-over-year basis in January. By comparison, the benchmark price for townhouse/row units was $399,800, down sharply by 10.3% compared to a year earlier, while the benchmark apartment price was $361,400, a decrease of 7.5% from year-ago levels.
The average price of homes sold in January 2026 was $563,585, a moderate decrease of 6.4% from January 2025.
The dollar value of all home sales in January 2026 was $68.2 million, a sharp decrease of 25% from the same month in 2025.
The number of new listings was down by 6.9% from January 2025. There were 380 new residential listings in January 2026.
New listings were 13.6% above the five-year average and 13.3% above the 10-year average for the month of January.
Active residential listings numbered 783 units on the market at the end of January, a minor decrease of 2.7% from the end of January 2025.
Active listings were 33.5% above the five-year average and 30% above the 10-year average for the month of January.
Months of inventory numbered 6.5 at the end of January 2026, up from the 5.3 months recorded at the end of January 2025 and above the long-run average of 4.2 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.
Check back next month for more Kingston Real Estate Market statistics!
