If you’ve been wondering how the local real estate market is shaping up as we wrap up the summer, August brought some encouraging news for both buyers and sellers in Centre Wellington.

Prices & Sales on the Rise
Home prices held strong in August, with the median sale price climbing 10% to $825,000 compared to last year. The average sale price also nudged higher to just over $847,000. Combine that with a nearly 20% jump in total sales volume and a 15% increase in homes sold, and it’s clear that buyers are active and deals are getting done.

More Homes Coming to Market
Sellers stepped up too, with 94 new listings in August—that’s more than 25% higher than the same time last year. The good news? Even with more homes to choose from, properties are still moving. Only 13 listings expired this month, which is a sharp drop from last year.

The Bigger Picture So Far in 2025
Looking at the year as a whole, things have been a little quieter than in 2024. The average sale price is down about 6% year-to-date, and overall sales volume has slipped as well. Homes are also spending a bit longer on the market—about 44 days on average.

That said, the median sale price has held steady, and August’s strong numbers suggest the market may be finding its rhythm again as we head into the fall.

Key Highlights – August 2025 vs. August 2024

• Median Sale Price: $825,000 (+10.01%)
• Average Sale Price: $847,287 (+3.59%)
• Sales Volume: $38.1M (+19.52%)
• Unit Sales: 45 homes (+15.38%)
• New Listings: 94 (+25.33%)
• Expired Listings: 13 (-35%)
• Sales-to-Listings Ratio: 47.87% (-4.13%)

These numbers signal stronger buyer activity compared to last year, with more homes changing hands and at higher prices. At the same time, sellers are listing more properties, giving buyers additional options in a competitive but balanced environment.

Year-to-Date Trends
Looking at 2025 so far, the market presents a slightly different picture:

• Average Sale Price (YTD): $829,703 (down from $882,095 in 2024)
• Median Sale Price (YTD): $811,892 (up slightly from $806,000 in 2024)
• Unit Sales (YTD): 314 (-12.04%)
• Sales Volume (YTD): $261.2M (-17.82%)
• New Listings (YTD): 804 (+18.06%)
• Days on Market: 44 days (+8 days from last year)

This suggests that while August saw a healthy rebound in activity, overall 2025 has been quieter compared to last year, with fewer sales and lower average prices. Buyers are taking longer to make decisions, and increased inventory is keeping the market from tipping into a seller’s market.

Thinking of selling? With prices holding strong and August activity showing renewed energy, this could be a good window to make your move—especially if you’re well-priced.

Looking to buy? You’ll find more choice on the market than last year, and with average prices easing off their 2024 highs, there are opportunities if you’re ready to act.

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