Wellington County Real Estate Market Trends – February 2025
The Wellington County real estate market continues to favour buyers, with a noticeable increase in inventory and a decline in sales activity. While home prices have remained relatively stable, the number of new listings has surged, providing more options for buyers and increasing competition among sellers.
Key Trends & Figures
- Home Prices Holding Steady
- Median Sale Price: $778,000 (+0.13% YoY)
- Average Sale Price: $801,653 (-2.58% YoY)
- Year-to-Date (YTD) Median Sale Price: $792,000 (+5.81% YoY)
- YTD Average Sale Price: $830,424 (+3.33% YoY)
- Sales Activity Declining
- Sales Volume: $144.3M (-19.19% YoY)
- Unit Sales: 180 (-17.05% YoY)
- YTD Sales Volume: $281.8M (-4.63% YoY)
- YTD Unit Sales: 340 (-7.1% YoY)
- Inventory Increasing
- New Listings: 447 (+21.14% YoY)
- YTD New Listings: 913 (+34.07% YoY)
- Expired Listings: 57 (+67.65% YoY)
- Sales-to-Listings Ratio: 40.27% (-18.54% YoY)
- Segment Trends
- Sales in the $750K–$999K range increased by 16.67%
- Sales in the $550K–$749K range dropped by 33.87%
- Freehold properties saw a 5.24% increase in unit sales, while condo sales declined by 16.84%
What This Means for Buyers & Sellers
- Buyers: With an increase in listings and a lower sales-to-listings ratio (40.27%), buyers have more options and greater negotiating power. Price stability suggests that while the market isn’t seeing drastic price reductions, sellers are more flexible in negotiations.
- Sellers: With fewer sales and rising inventory, competition is increasing. Proper pricing and home presentation are critical to attracting buyers in this more balanced market. Expired listings are up significantly (+67.65%), indicating that homes priced too high may struggle to sell.
The Wellington County market remains in transition, with conditions favouring buyers while prices remain relatively stable. Sellers must adapt to shifting demand, while buyers can take advantage of increased inventory.
Let’s Make Your Next Move Together
Thinking about buying or selling? With my expertise in Wellington County real estate, I’ll help you navigate this shifting market with confidence.
Let’s talk about how I can help you navigate this market with confidence. Call me at 519-824-9050 ext. 235, and together we’ll turn your real estate dreams into an address!
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