As the fall market rolled on, Centre Wellington’s real estate scene saw a shift toward more buyer-friendly conditions in October. While prices held fairly steady and sales inched up, a surge of new listings gave buyers more choice than they’ve had in months.

Prices Hold Steady, but Inventory Grows
The median sale price rose 5% year-over-year to $785,000, while the average sale price remained almost unchanged at $941,583 — down just 0.35%. That stability in pricing suggests demand is still present, but buyers have more negotiating power than earlier in the year.

Sales activity was relatively consistent too, with 41 homes sold, up slightly from 40 last October. Overall sales volume climbed just over 2% to $38.6 million.

A Flood of New Listings Hits the Market
One of the biggest changes this month came from the supply side. New listings surged nearly 68% compared to last year, with 104 properties hitting the market in October. This jump in available inventory gave buyers more options — but also meant sellers faced more competition.

Expired listings also nearly doubled (up 93%), showing that not every home found a buyer right away. The sales-to-listings ratio dropped to 39.4%, confirming that the market is leaning in favour of buyers heading into late fall.

Year-to-Date Snapshot
Looking at the year as a whole, 2025 continues to trend a little slower than last year overall:
Average sale price (YTD): $856,952 (down 3.4% from 2024)
Median sale price (YTD): $811,892 (up 1.2%)
Sales volume: $343.4M (down 10.5%)
Unit sales: 399 (down 7%)
New listings: 1,019 (up 21%)
Average days on market: 47 (up 12 days)

So far, we’ve seen a busier listing environment and a slower pace of sales — classic signs of a balanced-to-buyer’s market.

Property Type Breakdown
Freehold homes continue to dominate, with a year-to-date sales volume of $298.3M (down 11%), but prices remain resilient, averaging around $904,000.
Condo sales continue to outperform expectations — up 33% in sales volume and 25% in unit sales year-to-date.
Vacant land had a small burst of activity this month, with two parcels selling for a combined $3.87M.

What This Means for Buyers & Sellers
For buyers: You have more options than you’ve had all year. With inventory building and prices steady, it’s a great time to explore the market without the pressure of fast-moving bidding wars.
For sellers: Preparation and pricing strategy are key right now. Homes are still selling, but buyers have choices — and standing out matters more than ever.

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