After several months of softer market activity, June brought a welcome boost to real estate across Centre Wellington (Elora, Fergus and the surrounding area). More homes sold, sales volume climbed significantly, and both the average and median sale prices posted impressive gains compared to June of last year. However, while June was undoubtedly a stronger month, the bigger picture tells a different story.

Looking at the year as a whole, buyers continue to have the advantage, and some of the headline numbers deserve a closer look.

Sales & Prices Jump Higher — But There’s More to the Story

June saw 55 homes sell, a 25% increase over the 44 sales recorded in June 2025. On the surface, June appears to have been an excellent month for home prices.

The median sale price increased nearly 14% year-over-year, climbing to $828,850, while the average sale price rose an impressive 32% to just over $1.03 million.

While these monthly figures are certainly encouraging, it’s important to look beyond a single month.

Year-to-date, the median sale price sits at $760,000, down 3.6% from the same point last year. Because the median represents the middle sale in the market, it’s often considered the best indicator of what a typical home is selling for.

Meanwhile, the average year-to-date sale price is up 6.3%, but that increase is being influenced by a growing number of higher-end home sales. In fact, sales between $1 million and $2 million are up 33%, while homes selling for more than $2 million have increased by 75% compared to last year (keeping in mind there were only 4 $2M+ sales in June 2025, and 7 in June 2026). Those luxury transactions naturally pull the average price upward, even while the typical home remains slightly below last year’s values.

Inventory Continues to Grow

June also brought more homes to market.

New listings increased 26% year-over-year, with 139 properties coming on the market compared to 110 last June.

While increased inventory gives buyers more choice, it also means sellers are facing more competition. Expired listings rose by nearly 67%, another indication that some homes are taking longer to attract buyers.

Although June’s monthly sales-to-new-listings ratio reached 50%, the year-to-date ratio remains at just 36.5%, which keeps Elora, Fergus and the surrounding area firmly in buyer’s market territory.

Homes Continue to Take Longer to Sell

The pace of the market remains slower than a year ago.

The average days on market has climbed to 53 days, up 13 days compared to the first half of 2025.

This continues to reflect a market where buyers have more time to evaluate properties, negotiate terms, and make informed decisions.

What This Means for Buyers and Sellers

For buyers, June continued to provide favourable conditions. More inventory, longer selling timelines, and steady buyer leverage mean there are still plenty of opportunities throughout Elora, Fergus and the surrounding communities.

For sellers, June’s increase in sales is certainly positive, but competition remains high. With more homes available and buyers taking their time, pricing accurately and presenting a home well continue to be essential for a successful sale.

Full Report: Royal LePage® Royal City, Brokerage. Centre Wellington Market Report. June 2026: