Centre Wellington’s real estate market in May 2025 continued to reflect a strong shift toward buyer-friendly conditions, with a mix of contrasting indicators shaping the local housing landscape.

🔍 Market Snapshot

Median Sale Price: $823,750 (▲ 5.88%)

Average Sale Price: $820,115 (▼ 5.62%)

Unit Sales: 46 (▼ 16.36%)

Sales Volume: $37.7M (▼ 21.06%)

New Listings: 135 (▲ 22.73%)

Expired Listings: 10 (▲ 150%)

Sales-to-Listings Ratio: 34.07% (▼ 15.93%)

While the median price climbed slightly, the average price declined, suggesting that higher-end homes may be seeing reduced activity while more mid-range properties remain in demand. The number of new listings surged, but fewer homes sold, pointing to increased competition and longer days on the market — now averaging 42 days, up from 35 last year.

📉 Slowing Activity, Rising Inventory

Buyers are taking their time, and it shows. The year-to-date sales volume is down nearly 30%, and unit sales have fallen by almost 23%. Yet the number of listings continues to grow, rising more than 11% year over year. This imbalance is reflected in the sales-to-listing ratio dropping to just 34.55%, solidifying a clear buyer’s market.

🏡 Price Bracket Breakdown

One of the most significant shifts came in the $1M–$2M price range, where sales dropped a staggering 64.71% compared to last year. Meanwhile, sales in the $550K–$749K and $750K–$999K brackets remained relatively stable, indicating consistent demand for more affordable homes.

On the flip side, luxury properties saw decreased activity, and despite a 100% increase in sales under $350K, these still represent a small fraction of the overall market.

🏘️ Property Type Trends

Freehold Homes: Still the dominant market share, but unit sales dropped nearly 15% year-over-year.

Condominiums: Sales volume fell almost 30%, with unit sales down over 35%.

Vacant Land: Very limited activity, but average sale price surged over 200%, though likely influenced by a small number of transactions.

✍️ What This Means for You

For buyers, this is an opportune moment. With more homes to choose from and longer selling times, there’s greater room to negotiate.

For sellers, pricing strategically and ensuring standout marketing is key. In a market with rising inventory and selective buyers, preparation and presentation are more important than ever.

Thinking of making a move in Centre Wellington? Whether you’re buying or selling, staying informed is your best advantage. Call me anytime at 519-766-3716 for honest, straightforward real estate advice.

George

Disclaimer: Please note that we have recently transitioned to a new board and reporting system. While we strive to ensure that the information provided in this market report is as accurate and up-to-date as possible, there may be occasional discrepancies or errors in the data. Data from MAY 2025 CENTRE WELLINGTON REAL ESTATE MARKET REPORT | Royal LePage® Royal City, Brokerage. Centre Wellington Market Report. May 2025