Wellington County Real Estate Market Update – May 2025 Trends Show continued Buyer’s Market
The Wellington County real estate market leaned further into buyer- friendly territory this May, despite modest gains in pricing. The median and average sale price rose, however, overall activity softened, with unit sales and sales volume dipping. New listings increased while expired listings surged pointing to longer selling times. Conditions remain favourable for buyers at this time. Here’s a breakdown of the biggest trends:
Key Trends
- Inventory Surge Amid Slowing Sales Activity
- New listings jumped by 24.07% year-over-year, from 698 in May 2024 to 866 in May 2025.
- Unit sales declined 4.18%, from 311 to 298, and sales volume decreased slightly by 0.9% to $258.75M.
- The sales-to-listings ratio fell to 34.41%, down over 10%, firmly indicating buyer’s market conditions.
- Home Prices Holding Steady Despite Market Shift
- The median sale price rose 3.21% to $805,000.
- The average sale price increased 3.42% to $868,294, showing resilience in pricing despite lower demand.
- Year-to-date (YTD) average price climbed 2.35% to $837,187 and the YTD median price rose 1.03% to $785,000.
- Rising Expired Listings and Longer Time on Market
- Expired listings soared 68.57%, from 35 to 59, reflecting pricing or demand challenges.
- The average days-on-market increased by 6 days year-over-year, now at 37 days.
- Year-to-Date Market Trends
- YTD unit sales declined 6.85% (1,143 in 2025 vs. 1,227 in 2024).
- YTD new listings surged 24.33% to 3,097, while the sales-to-listings ratio dropped to 36.91% (from 49.26%).
- Sales by Property Type
- Freehold properties saw a 9.5% increase in May sales and a 3.53% YTD rise.
- Condo sales dropped 18.84% in May and 15.92% YTD, despite a slight 1.95% increase in average price.
- Vacant land sales dropped sharply in both volume (-71.54%) and unit sales (-25%).
What This Means for Buyers and Sellers
🔹For Buyers:
- More choices and less pressure. Conditions are advantageous to negotiate better terms.
- Interest rates and price trends still need to be monitored, but the increased selection gives buyers leverage.
🔹 For Sellers:
- Market conditions are less favourable. With rising inventory and longer selling times, pricing strategically is critical.
- Expect more competition and possible price negotiations.
- Marketing & Presentation will be vital to stand out.
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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