Tag: Wellington County market review

Wellington County Real Estate: Prices Up, Inventory Surging – What’s Next?

February 14, 2025

In January 2025, Wellington County’s real estate market shifted toward buyer-friendly conditions despite rising home prices. The median sale price rose by 11.94% to $806,000, amidst a 49.36% increase in new listings. Increased inventory and longer market times grant buyers more negotiating power while demand for higher-priced homes remains strong. … More Wellington County Real Estate: Prices Up, Inventory Surging – What’s Next?

2025 Real Estate Trends in Wellington County: What Buyers and Sellers Need to Know

January 24, 2025

In December 2024, Wellington County’s real estate market shifted back to a seller’s market, characterized by rising median sale prices and increased sales volume. With significant growth in unit sales and high seller confidence, buyers face strong competition. Recent mortgage updates further ease homeownership for new buyers, enhancing market activity. … More 2025 Real Estate Trends in Wellington County: What Buyers and Sellers Need to Know

Wellington County Real Estate Market Update – November 2024

December 13, 2024

In November 2024, Wellington County’s real estate market shifted back to a seller’s market after a brief balance, characterized by significant sales growth of 44.02% in volume and 47.74% in units. Median sale prices increased by 4.58%, while inventory decreased by 8.54%. This competitive landscape offers opportunities for both buyers and sellers, necessitating informed decisions and strategic pricing. … More Wellington County Real Estate Market Update – November 2024

October 2024 Wellington County Housing Market Insights

November 22, 2024

In October 2024, Wellington County’s real estate market showed a shift to balanced conditions with a 33.14% sales volume increase to $204,236,082. Average sale prices rose 6.85% to $858,135, while new listings increased by 6.94%. However, expired listings surged by 31.43%, implying competitive pricing is essential for sellers. … More October 2024 Wellington County Housing Market Insights

Wellington County Real Estate Market Update: Key Trends from the End of Q3 2024

October 21, 2024

The Wellington County real estate market experienced significant trends in Q3 2024. Sales volume increased by 20.22%, with 228 units sold in September. Despite a slight decline in prices, a buyer’s market is emerging. The average property took 33.1 days to sell. While luxury sales lagged, mid-range homes saw notable demand. Strategic pricing is essential for sellers. … More Wellington County Real Estate Market Update: Key Trends from the End of Q3 2024

August 2024 Wellington County Real Estate Update: Key Market Trends and What They Mean for You

September 18, 2024

The Wellington County real estate market at the end of August 2024 exhibits mixed trends. Sales volume rose by 15.02% to $186.94 million, with unit sales increasing 11.22%. However, median sale prices decreased by 2.06%. Buyers benefit from more choices, while sellers face longer selling times and heightened competition. … More August 2024 Wellington County Real Estate Update: Key Market Trends and What They Mean for You

Wellington County Real Estate Market Update at July month end: Key Trends and What They Mean for You

August 21, 2024

In the Wellington County real estate market, July 2024 saw increased new listings and heightened seller competition. While sales volume remained steady, median and average prices declined. Buyers have more options, while sellers face a more competitive environment. Strategic approaches are essential for both parties. Contact Frances Snider for personalized advice and stay tuned for further updates. … More Wellington County Real Estate Market Update at July month end: Key Trends and What They Mean for You

Wellington County Real Estate Insights: Mid-Year Market Trends and Key Takeaways for June 2024

July 18, 2024

The Wellington County real estate market in June 2024 and Q2 saw a decrease in sales volume and unit sales, an increase in new listings, a significant rise in expired listings, and a decline in median and average sale prices. This presents opportunities for buyers but highlights the importance of competitive pricing and effective marketing for sellers. … More Wellington County Real Estate Insights: Mid-Year Market Trends and Key Takeaways for June 2024

Navigating the Shifting Tides: Wellington County Real Estate Market Insights at end of May 2024

June 21, 2024

In May 2024, Wellington County’s real estate market maintained a balance despite lower prices and sales volume. Year-to-date numbers showed a 3.5% decrease in sales volume compared to the previous year, but the region experienced a 28% increase in new listings. The decrease in interest rates by the Bank of Canada is expected to impact housing values and buyer activity. Check in with Frances Snider from Royal LePage Roual City Realty for all the details…
… More Navigating the Shifting Tides: Wellington County Real Estate Market Insights at end of May 2024

Wellington County Real Estate offers buyers more choice as listings increase

May 17, 2024

The Wellington County real estate market in April 2024 remained balanced, with increased listings and decreased unit sales. Year-to-date, sales volume and unit sales were down, but new listings were up. April saw a 10% decrease in sales volume compared to 2023, but prices remained strong, indicating potential growth. Average days on market increased to 33 days. … More Wellington County Real Estate offers buyers more choice as listings increase