The Kingston real estate market remained active throughout May, with transaction numbers continuing to climb and inventory levels holding steady. While some metrics shifted compared to April, the overall market continues to show signs of balance as we move deeper into the spring market.

If you're curious about how Kingston real estate performed in May, here's a breakdown of the latest statistics, including home sales, average sale prices, days on market, and inventory levels.

Prefer watching instead of reading? Click below to watch the full May 2026 Kingston Market Update on YouTube, where we dive deeper into the numbers and what they could mean for buyers and sellers moving forward.

Let's take a closer look at how the Kingston market performed in May.

Kingston Home Sales in May 2026

There were 187 residential transactions in Kingston during May.

That's an increase from the 179 transactions recorded in April, continuing the momentum we've seen throughout the spring market.

Year-to-date, Kingston has recorded 658 residential transactions, which is 3% lower than the same period last year.

While transaction levels remain slightly behind 2025 overall, buyer activity has remained relatively strong throughout the second quarter. Historically, the second quarter accounts for roughly 40% of annual home sales in Kingston, making this period an important indicator of how the rest of the year may unfold.

Interestingly, when comparing the first two months of the second quarter to last year, sales are actually up by approximately 5%. However, compared to the same period in 2019 (before the pandemic-driven market surge), transactions remain down roughly 33%.

Average Sale Price in Kingston

The average sale price in May was $634,000.

This represents a decrease from the $676,000 average sale price recorded in April.

Year-to-date, the average sale price now sits at $610,000, which is 4% lower than the same point in 2025.

It's important to remember that average sale price statistics don't always tell the full story. Changes in buyer activity across different price ranges can significantly influence the monthly average.

For example, if a larger number of homes sell within lower price brackets during a particular month, the overall average sale price may decrease even if individual home values remain relatively stable.

Because of this, homeowners should be cautious about drawing conclusions based solely on headline average price figures.

Days on Market

Homes in Kingston spent an average of 32 days on the market during May.

That's up slightly from 26 days in April, suggesting buyers are taking a bit more time when evaluating properties.

Year-to-date, homes have averaged 39 days on market, which is 16% higher than the same period last year.

While well-prepared and appropriately priced homes continue to attract strong interest, buyers generally have more inventory and more options than they did during the highly competitive markets of previous years.

This reinforces the importance of thoughtful pricing, strong presentation, and effective marketing strategies when bringing a property to market.

Months of Inventory

Kingston finished May with 3 months of inventory, unchanged from April.

Year-to-date, the market continues to average just under 4 months of inventory, which is consistent with where inventory levels sat at this time last year.

Generally speaking, inventory levels between four and six months are often considered balanced market conditions. While Kingston remains relatively balanced overall, conditions can vary significantly depending on neighbourhood, price point, and property type.

Some homes continue to sell quickly with multiple interested buyers, while others may experience longer timelines depending on the competition within their specific segment of the market.

Why June Could Be an Important Month

One of the more interesting observations from this month's update is the role the second quarter plays in Kingston real estate.

Historically, April, May, and June account for a substantial portion of annual sales activity. With April and May now behind us, June will provide a clearer picture of how the market may perform throughout the remainder of 2026.

While transaction activity has remained relatively healthy this spring, the market continues to operate differently than it did during the pandemic years. Buyers have more options, more time to make decisions, and greater flexibility when negotiating.

For both buyers and sellers, understanding these changing dynamics is becoming increasingly important.

Key Takeaway from May's Market

May continued the trend of strong spring activity, with transactions increasing month-over-month and inventory remaining stable.

While average sale prices pulled back from April's numbers, inventory levels and overall buyer activity suggest the market remains healthy and balanced.

The biggest takeaway may be that today's market continues to reward preparation. Homes that are priced appropriately, presented well, and marketed effectively are still generating strong interest, even as buyers take a more measured approach to their purchasing decisions.

What This Means for Buyers and Sellers

For buyers, today's market continues to provide opportunities:

• More inventory than we've seen in previous years
• Additional time to conduct due diligence
• Greater flexibility during negotiations

For sellers, success still comes down to strategy:

• Proper pricing remains critical
• Presentation matters more than ever
• Marketing and exposure can significantly impact results

The market may be balanced overall, but individual results can vary dramatically depending on how a property is positioned.

Looking Ahead

With June marking the final month of the second quarter, the coming weeks will provide valuable insight into the overall direction of the Kingston real estate market for the remainder of 2026.

As always, broad market statistics only tell part of the story. Understanding how your specific neighbourhood, property type, and price point fit into current conditions is what ultimately matters when making real estate decisions.

Stay tuned for next month's update.