Wellington County Real Estate Market Update – March 2025 Trends Show Buyer’s Market Emerging
March 2025 Market Trends in Wellington County Real Estate
The latest market data for Wellington County reveals a shift in dynamics as we move further into 2025. The numbers point toward a market that’s cooling in terms of activity, yet holding steady—or even strengthening—when it comes to home prices. Here’s a breakdown of the biggest trends:
📉 Decline in Sales Activity
- Unit Sales dropped 17.45% year-over-year, from 275 in March 2024 to just 227 in March 2025.
- Sales Volume also saw a significant dip of 16.22%, down to $186.35 million.
- Year-to-date, total unit sales have decreased 11.54% compared to last year.
🏠 Listings Are Rising
- New listings surged 20.92% in March, reaching 607—a clear increase in supply.
- Expired listings were also up by 21.43%, suggesting more homes are sitting unsold.
- Year-to-date new listings are up 28.49% from 2024.
💰 Home Prices Remain Resilient
- The Average Sale Price rose by 1.49% to $820,934 in March.
- The Median Sale Price was down slightly by 0.65%, settling at $755,047.
- Year-to-date, the average price is up 2.72%, now sitting at $827,261.
🛑 Slower Market Conditions
- The Sales-to-Listings Ratio fell to 37.40%, a drop of 17.38%, firmly placing Wellington County in buyer’s market territory.
- Homes are also taking longer to sell—average days on market increased to 39, up from 34 last year.
What This Means for Buyers and Sellers
🔹 Buyers: With more inventory and fewer competing buyers, you may find more negotiating power and better options. The increase in expired listings could indicate room to negotiate price or terms.
🔹 Sellers: Condition and Pricing is key. While values are holding steady or even increasing slightly, slower sales and increased competition mean homes must be in good condition, well-presented and competitively priced to attract offers quickly.
📊 Overall, Wellington County is showing signs of a balanced-to-buyer’s market in most areas, with softening demand but stable prices. If you’re considering buying or selling, it’s essential to stay informed and strategize with the latest data.
For a more tailored market consultation, feel free to reach out. I would love to chat with you!
Let’s Make Your Next Move Together
Thinking about buying or selling in 2025? 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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