Every metric reported in the Bay of Quinte Monthly Market Report is defined below. This reference does not need to be updated monthly.
Active Listings (Inventory / Supply)
The total number of residential properties listed for sale on MLS® at the end of the reporting period. Includes all property types: detached, semi-detached, townhouse, condo, and co-op. Does not include conditional sales or expired listings.
Sale Volume (Homes Sold / Demand)
The number of residential property transactions that completed (closed) during the reporting month. A sale is counted when the transaction fully closes, not when an offer is accepted. This is the primary measure of demand in the market.
Months of Inventory (MOI)
Active Listings divided by Sale Volume for the most recent month. Answers: 'If no new listings came to market, how many months would it take to sell everything available?' The single most important predictor of price direction. <4 months = Seller's; 4–6 = Balanced; >6 = Buyer's.
Total Dollar Sales Volume
The sum of the sale prices of all transactions that closed in the reporting month. Provides a measure of total market activity in dollar terms. Influenced by both the number of sales and the average price level.
Average Sale Price
Total dollar sales volume divided by the number of homes sold. Can be skewed upward by a small number of high-priced luxury transactions. Best read alongside Median Sale Price.
Median Sale Price
The middle value when all sale prices are arranged from lowest to highest. Half of homes sold for more, half for less. Less sensitive to extreme outliers than the average. Often considered a more reliable indicator of the 'typical' transaction.
New Listings Volume
The number of new properties listed for sale on MLS® during the reporting month. Reflects seller confidence and supply pipeline. High new listings + low sales = rising inventory and increasing buyer leverage.
Sales-to-New-Listings Ratio (SNLR)
Sale Volume divided by New Listings Volume, expressed as a percentage. Measures the absorption rate of new supply. Below 40% = buyer's market. 40–60% = balanced. Above 60% = seller's market. An SNLR of 33% (Feb-26) means fewer than 1 in 3 new listings is selling each month.
Average Days on Market (Avg DOM)
The mean number of calendar days from when a listing goes active on MLS® to when a firm sale agreement is reached. A rising DOM signals softening demand; a declining DOM signals strengthening demand. Does not include the conditional period.
Median Days on Market (Median DOM)
The middle value of all DOM figures for the reporting month. Less skewed by properties that sit for exceptionally long periods. Provides a cleaner read on how quickly the 'typical' home is selling.
Average Sale/List Price Ratio (SP/LP)
The average sale price expressed as a percentage of the original list price. Above 100% = homes selling over asking (seller's market conditions). At or below 97–98% = homes selling slightly below asking. Feb-26 at 97% means sellers are getting roughly $0.97 for every $1.00 of asking price.
Active listings reached 872 homes in February 2026 — the highest February total since the market correction began. Up 13.0% year-over-year and a stark contrast to the sub-200 levels seen during the 2021–22 frenzy. Buyers have genuine choice and negotiating power.
111 transactions closed in February — a modest recovery from January's 107 but well below the 2021 peak of 249. With an SNLR of 33%, fewer than 1 in 3 new listings is finding a buyer each month, keeping inventory elevated and maintaining buyer leverage.
Average sale price of $567,417 is up marginally from Feb-25's $558,209. With rising inventory and soft demand, prices face structural downward pressure. Well-priced homes still achieve 97% of list — but overpriced listings are sitting.
60 average days on market is among the highest February readings in years — but improved from January's 67 days, an early signal that the spring market may be gaining momentum. Serious buyers can still negotiate confidently.