Wellington County Real Estate Market Update – April 2025 Trends Show Buyer’s Market
April 2025 Market Trends in Wellington County Real Estate
The latest market data for Wellington County reveals a continuing shift in dynamics as we move further into Spring 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:
Key Trends
- Sales Activity Continues to Decline 📉
- Monthly sales volume dropped to $205.6M, a 10.40% decrease from April 2024.
- Unit sales fell to 246, down 10.55% year-over-year.
- Year-to-date (YTD) sales volume is $673.7M, down 9.85%, and YTD unit sales are down 11.24% to 813.
- Inventory and Listings on the Rise 🏠
- New listings surged to 711, a 16.56% increase from last April.
- YTD new listings are up 24.43%, reaching 2,231.
- Expired listings rose significantly: +77.14% month-over-month and +49.72% YTD.
- Price Movement Shows Stability 💰
- Median sale price for April is $785,000, down slightly by 1.26%.
- Average sale price rose modestly to $835,858, a 0.19% increase.
- YTD average sale price is up 2.07% to $829,410.
- YTD median price is up 1.69% to $781,500.
- Sales-to-Listing Ratios 🛑 Indicate Buyer’s Market
- April sales-to-listing ratio is 34.60%, down from 45.08% in April 2024.
- YTD ratio has dropped to 36.44%, well below the balanced market threshold, confirming buyer’s market conditions.
- Market Performance by Property Type
- Condominiums saw sharp declines: -18.31% in April unit sales and -20.5% YTD volume.
- Vacant land sales volume increased 29.1% in April, despite a 20% drop in unit sales.
- Freehold homes remain dominant, but still saw a 5.47% decline in April sales volume.
- Days on Market Growing
- YTD average days-on-market rose to 38.5 days, up from 33.0 days last year (+16.67%), indicating slower sales pace.
What This Means for Buyers and Sellers
🔹For Buyers:
- Increased inventory and longer days on market offer more selection and greater negotiating power.
- Slower price growth and declining sales activity may allow for better deals, especially on listings that have been sitting.
🔹 For Sellers:
- The market is competitive; strategic pricing and preparation/ staging are crucial.
- With the sales-to-listing ratio down and expired listings rising, homes that are overpriced or poorly presented are not selling.
- Sellers should expect longer timelines and may need to adjust expectations.
Check out the video recap here:
📊 Overall, Wellington County is showing signs of a buyer’s market 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 for your neighbourhood, 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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