The November numbers are in, and Centre Wellington’s real estate market continued its shift toward firm buyer’s-market conditions.

With prices adjusting, inventory rising, and sales easing back, buyers had more leverage this month than they’ve seen in quite some time.

Prices See a Noticeable Adjustment

After several months of fairly steady pricing, November brought a meaningful pullback.

The median sale price dropped 14.5% year-over-year to $735,000.

The average sale price also softened, down 16.7% to $780,907.

These shifts don’t necessarily signal a long-term decline but rather reflect a market where buyers have more choice — and sellers are adjusting expectations in response.

Sales Slow, While Listings Rise

Sales activity dipped this month, with 27 homes sold, down nearly 23% from last year. Total sales volume fell 35.7%, landing at $21.08 million.

Meanwhile, new listings climbed 36%, bringing 68 homes to market. Expired listings also surged — up 150% — which tells us that not every home is finding a buyer under current conditions.

With so many listings and fewer sales, the sales-to-listings ratio slipped to 39.7%, reinforcing the strong lean toward a buyer’s market.

Year-to-Date Snapshot

For 2025 overall, Centre Wellington continues to trend softer than 2024:

Average sale price (YTD): $850,039 (down 4.7%)
Median sale price (YTD): $800,034 (down slightly, 0.9%)
Total YTD sales volume: $364.48M (down 12.5%)
Unit sales: 426 homes (down 8%)
New listings: 1,087 (up 22%)
Average days on market: 46 days (up 10)

The theme for 2025 has been consistent: more listings, slower sales, and buyers taking their time.

A Look at Property Types
Freehold homes remain the largest segment, with year-to-date volume at $318.98M (down 13%).
Condo sales continue to outperform expectations, with volume up 31% compared to last year.
Vacant land remained quiet this month, with no recorded sales.

What This Means for Buyers & Sellers

For buyers: November delivered one of the most favourable markets of the year. More homes to choose from, more negotiability, and less urgency mean it’s a great time to take a thoughtful approach.

For sellers: Pricing and presentation are everything right now. With higher inventory and longer days on market, homes that stand out — and are priced right — are the ones getting the most attention.

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