July brought a noticeable shift in Centre Wellington’s housing market. While conditions remain balanced overall, the latest numbers reveal softer prices, slower sales, and a boost in available listings—creating a more competitive environment for sellers and more selection for buyers.

Prices Ease Off Highs
The median sale price in July came in at $800,077, down 4.75% compared to last year. The average sale price fell further, dropping 8.53% to $863,856. Year-to-date, the average sits at $828,687, about 7% lower than this time in 2024.

Sales Slow, Inventory Rises
Sales activity cooled in July, with just 46 homes sold—a 17.86% decline year-over-year. Overall sales volume dropped nearly 25%, totalling $39.74 million. In contrast, new listings surged 25.97%, bringing more options to the market, while expired listings rose 33.33%, showing that some properties aren’t finding buyers as quickly.

Balanced but Competitive
With a sales-to-listings ratio of 47.42%, Centre Wellington remains in balanced market territory—favouring neither buyers nor sellers exclusively. However, with average days on market now at 43 days (up 6 from last year), buyers have more time to make decisions, and sellers may need to adjust pricing or marketing strategies to stand out.

What This Means for You
For buyers, the combination of more listings and softer prices presents an opportunity to explore the market without the intense competition seen in previous years. For sellers, strategic pricing and strong marketing are more important than ever to capture buyer attention in a market that offers more choice.

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