May 2026: Housing Market Update

The Central Lakes Association of REALTORS® has released its May 2026 Housing Market Statistics, highlighting continued growth in sales activity across all Regions, alongside healthy inventory levels and mixed price trends as the spring market remained active throughout the month.

“May’s housing statistics reflect an active market across the CLAR area, with sales activity and new listings increasing in every Region compared to April,” said CLAR President Christine Riley. “The strong level of listing activity is giving buyers more choice, and the decrease in Average Days on Market across most areas demonstrates that buyers are finding opportunities and moving forward with confidence this spring.”

Below is a closer look at what happened in your area:

Hastings County

Hastings County saw 222 home sales in May, up 12.1% from 198 in April. The average selling price was $536,571, a slight decrease of 2.2% from April's $548,797.

New listings increased 12.4% to 591, while homes spent an average of 39 days on the market, continuing the trend of faster-moving properties.

Northumberland County

Northumberland County recorded 128 sales in May, up 24.3% from 103 in April. The average selling price was $695,364, down 2.6% month-over-month.

New listings increased 17.3% to 380, while homes spent an average of 42 days on the market, reflecting steady buyer activity and strong inventory levels.

Prince Edward County

Prince Edward County recorded 40 home sales in May, up 21.2% from 33 in April. The average selling price increased significantly to $735,648, up 14.2% from April's $644,129.

New listings rose 22.7% to 157, while homes spent an average of 56 days on the market.

As we head into the summer market, inventory levels remain strong across the Region, providing buyers with more options while continued sales activity signals ongoing confidence among purchasers. While price trends vary by area, the overall market continues to offer opportunities for both buyers and sellers.

If you're wondering what these trends mean for your home, your neighbourhood, or your future plans, we'd be happy to provide a personalized market update tailored to your goals.

*Stats are from Central Lakes Association of REALTORS®.