You will notice that my From George’s Desk monthly blog is not heavy on stats – and that is on purpose. While stats are important (and hence the reason I’m sharing them), they really only tell part of the story.

They are backwards looking (what has already happened) – but it is also important to get my “boots on the ground” perspective of what is happening right now to get a sense of where the market is heading – especially in a changing market like we are currently in.

Realtors cannot give you good advice just based on stats – you need an on the ground perspective in the local market as well (Which is the reason you should use an active local realtor – not from outside the area).

Yes, everyone can look at stats – but you have to be really IN the local market to understand it. Each market is different.

Here’s a look at the key highlights from the latest data:

Home Prices Continue to Slide
Both the median and average sale prices dropped notably compared to June 2024:

Median Sale Price: $727,500 (⬇️ 11.27%)

Average Sale Price: $786,548 (⬇️ 9.34%)

Sales Activity Picks Up Slightly
Despite lower prices, unit sales increased 10% year-over-year, with 44 homes sold in June. Meanwhile, overall sales volume remained steady, dipping only 0.28% from the previous June to a total of $34.6 million.

Inventory Expands, But Listings Are Taking Longer to Sell
New listings surged 29.41% compared to last year, with 110 properties hitting the market in June.

The number of expired listings jumped 66.67%, and the sales-to-new listings ratio fell to 40%.

Year-to-Date Trends
Looking at the broader picture from January through June 2025:

Total Sales Volume: $182.1 million (⬇️ 21.85%)

Total Unit Sales: 221 homes (⬇️ 15.65%)

Median YTD Sale Price: $788,125 (⬇️ 2.22%)

Average YTD Sale Price: $822,825 (⬇️ 6.75%)

Average Days on Market: 40 days (up 5 days from last year)

Although inventory levels have grown (+14.37% in new listings YTD), overall buyer activity has softened, leading to more competition among sellers and longer listing durations.

Property Type Breakdown
Freehold Homes: Continue to dominate, with 191 sales YTD (⬇️ 6.37%) and an average price of $853,241 (⬇️ 7.29%)

Condominiums: 30 sales YTD (⬇️ 23.1%), with sales volume down nearly 20%

Vacant Land: Saw only 4 sales (⬇️ 33.3%), though the average sale price increased dramatically to $550,000 (⬆️ 241%)

Full Report: Royal LePage® Royal City, Brokerage. Centre Wellington Market Report. June 2025 :