Portsmouth, Kingston - September 2026 Real Estate Report

Portsmouth, Kingston: Your Neighbour Just Asked "Should I Sell This Summer?" Here's the Honest Answer.

The Vibe Right Now

If you've been watching the "For Sale" signs on your street, here's what's actually happening in Portsmouth. The market is taking a breather on the house side, but condos are quietly picking up steam. These two stories are worth knowing before you make any moves.

Houses - Steady, But Watch the Drift

The average HonestDoor Price for a house in Portsmouth sits at $642,592 right now. That's down 2.41% from the previous period, and the 3-month moving average of $658,815 confirms the gentle slide. We're not talking about a crash - this is a slow exhale after a long run-up.

Here's the number that should get your attention if you own a house here: the predicted market value is $658,453. That gap between where prices are heading and where they currently sit tells us the market hasn't fully corrected yet. On the neighbourhood leaderboard, Portsmouth houses rank 13 out of 44 comparable Kingston neighbourhoods for growth. That puts us solidly above average - not leading the pack, but not chasing it either.

• Average HonestDoor Price (Houses): $642,592
• Recent price change: -2.41%
• Predicted market value: $658,453
• 3-month moving average: $658,815
• Estimated monthly rent: $3,121
• Rental yield: 5.33% - that is a strong return
• Airbnb estimate: $155 per night (ranked 23rd in Kingston)
• Growth rank: 13 out of 44 Kingston neighbourhoods

That 5.33% rental yield is the real headline for house owners. If selling isn't on your radar, renting makes serious financial sense right now. Compare that to nearby Fairway Hills at $808,145 average - you're getting strong yield at a more accessible price point.

Condos - The Quiet Outperformer

Condos in Portsmouth are telling a different story. The average HonestDoor Price is $737,147, up 0.69% from last period. More importantly, the predicted market value of $732,074 is rising above the 3-month moving average of $710,128. That upward gap is a signal worth paying attention to.

On the leaderboard, Portsmouth condos rank 21 out of 44 Kingston neighbourhoods - still above average, and with a 3.19% recent value change, there's real momentum here. Nearby Sunnyside condos average $738,511, so we're essentially neck and neck with one of Kingston's more established condo markets.

• Average HonestDoor Price (Condos): $737,147
• Recent price change: +0.69%
• Predicted market value: $732,074
• 3-month moving average: $710,128
• Estimated monthly rent: $3,310
• Rental yield: 3.44% - moderate but stable
• Airbnb estimate: $165 per night (ranked 11th in Kingston - top quarter)
• Growth rank: 21 out of 44 Kingston neighbourhoods

That Airbnb rank of 11th in Kingston is worth flagging. If you own a condo here and haven't looked at short-term rental income, you're leaving money on the table. At $165 per night, Portsmouth condos outperform most of the city on that metric.

The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here's the thing about your city assessment: it's a snapshot from the past. The city looks at sale data from a fixed period and applies it broadly. It doesn't know your renovated kitchen. It doesn't know that the house two doors down just sold for more than anyone expected. It's a rearview mirror, not a windshield.

The HonestDoor Price is updated in real time using actual market signals. Right now, for houses in Portsmouth, there's a meaningful gap between the current average HonestDoor Price of $642,592 and the predicted value of $658,453. That $15,000-plus difference is exactly the kind of thing a static government assessment would miss entirely.

If you're a condo owner, the gap is even more striking. The 3-month moving average was $710,128, and the predicted value has already climbed to $732,074. Your assessment almost certainly hasn't caught up to that. Knowing your real number before you list - or before you negotiate - is the difference between leaving money on the table and walking away with what your property is actually worth.

So What Does This Mean If You're Thinking About Selling This Summer?

For house sellers - the window is open, but it's not wide open. Prices have dipped 2.41% and the moving average is drifting down. That doesn't mean panic. It means price it right from day one. Buyers in this market are paying attention, and an overpriced listing will sit. The good news is that a 5.33% rental yield means if you don't get the number you want, holding and renting is a genuinely strong backup plan.

For condo sellers - your timing is actually pretty good. Values are up 3.19% recently, the predicted value is climbing above the moving average, and your Airbnb ranking puts you in Kingston's top quarter. Buyers looking at Portsmouth condos are comparing you to Sunnyside and Fairway Hills. Right now, you're competitive on price and you're outperforming on short-term rental appeal.

Either way, the first step is the same: pull your HonestDoor Price before you call an agent, before you set a number in your head, and before you look at what your neighbour sold for two years ago. The market has moved. Your real-time number should be the starting point for every conversation from here.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.