Kingston Housing Market Update (Fall 2025)

Trends in the Kingston Housing Market

Average sales prices across all property types are expected to decline by about one per cent through the end of 2025, with the number of sales projected to fall by a similar amount. Buyers are hesitant amid economic uncertainty, that said higher inventory levels are providing buyers more choice, and sellers are adjusting their expectations to align with current conditions. 

The Kingston housing market in Q4 2024 showed signs of a balanced market, though it was close to tipping into a buyer’s market – a trend expected to persist through the rest of the year. Rising inventory levels, up relative to the past five years, are providing more options for buyers. The pricing of properties is becoming increasingly critical. Buyers are taking their time and are willing to wait for the right property to come on the market. As a result, average days on market are trending higher, reflecting both the cautious approach of buyers and the need for sellers to align their pricing with current landscape. 

Young and middle-aged couples are the primary drivers of sales in the region, a trend expected to continue through the rest of the year. At the same time, new Canadians – recent immigrants or newcomers to the area – are also becoming more active in the market. The region appeals to them for several reasons: relatively affordable housing compared with major urban centres, good access to local employment and commuter routes, family-friendly neighbourhoods with quality schools, and vibrant community networks that support newcomers. Additionally, the area’s recreational amenities, parks, and safe, walkable neighbourhoods offer a lifestyle that combines convenience with quality of life, making it an attractive place to establish roots. 

Conditional sales have increased, there are more deals that are conditional on the buyer selling their home than in previous years, as well as buyers being very picky on home inspections. 

Homes priced under $750,000 are selling more readily than those above this threshold, a trend that is expected to continue through the remainder of the year. This pricing dynamic highlights the importance of aligning expectations with buyer demand, particularly for higher-priced properties.