rfphoto / Depositphotos.com
Norfolk County stood out in an otherwise sluggish regional housing market in August, posting the strongest monthly increase in benchmark home prices.
The Cornerstone Association of REALTORS® reported Norfolk’s HPI benchmark price at $565,400, up 2.7 per cent from July. That was the largest monthly increase among the major markets tracked. Norfolk prices were still down 1.9 per cent compared with August 2025.
Haldimand County moved in the opposite direction. Its benchmark price was $642,000, down 0.4 per cent month-over-month and 4.9 per cent year-over-year.
The numbers came as housing activity slowed significantly across the broader Cornerstone market.
A total of 1,258 homes sold in August, down 19 per cent from July and 13 per cent from last year. Cornerstone CEO Bill Duce said August sales “fell to their lowest level in more than a decade,” with economic uncertainty and affordability pressures continuing to influence buyers and sellers.
New listings also fell nearly 21 per cent from July, while total inventory dropped 7.2 per cent.
Despite fewer sales, tighter inventory helped keep benchmark prices relatively stable. Homes also took longer to sell, averaging 42 days on the market, compared with 38 days in July.
Chart received with The Cornerstone Association of REALTORS® report
