Lorna Ronald
Sales Representative
Mobile: 519.831.4658
Phone: 519.821.6191
Royal LePage Royal City Realty
The Details Matter
Market Reports
Wellington County - March 2025
BUYER’S MARKET
The Wellington County real estate market displayed a mix of signals in the recent period, indicating a shifting market dynamic. The median sale price experienced a slight decrease of 0.65%, settling at $755,047. Conversely, the average sale price saw a modest increase of 1.49%, reaching $820,934. Sales volume decreased by 16.22%, totaling $186,352,088, while unit sales declined by 17.45%, with 227 transactions recorded. New listings totalled 607. Expired listings also increased, rising by 21.43% to 51. The unit sales-to-listings ratio stood at 37.40%, reflecting a decrease of 17.38%. This ratio suggests a buyer’s market, leaning towards the balanced end.
City of Guelph - March 2025
BALANCED MARKET
The City of Guelph’s real estate market remained balanced in March, with steady pricing and increased inventory. The median sale price held firm at $750,000, while the average sale price dipped by 1.39% to $774,256. Sales volume declined by 21.58%, reflecting a 20.48% drop in unit sales to 132 transactions. Meanwhile, new listings increased by 4.84%, and expired listings rose by 23.53%, adding to available inventory. With the unit sales-to-listings ratio at 43.56%, the market continues to present opportunities for both buyers and sellers as conditions remain balanced.
Centre Wellington - March 2025
BALANCED MARKET
Centre Wellington’s real estate market remained balanced in March, with steady pricing and increased inventory. The median sale price rose 5.89% to $863,000, while the average sale price saw a modest 1.3% increase to $902,971. However, sales volume declined by 7.7%, with unit sales down 8.89% to 41 transactions, reflecting slightly softer demand. Meanwhile, new listings surged by 22.89%, expanding inventory, while expired listings dropped by 30%. With the unit sales-to-listings ratio at 40.20%, the market continues to offer opportunities for both buyers and sellers as conditions remain balanced.
Guelph/Eramosa - March 2025
BUYER’S MARKET
The real estate market in Guelph/Eramosa leaned further into buyer-friendly conditions this March, with increased inventory and softer sales activity. The median sale price declined by 12.43% to $845,000, while the average sale price increased by 1.61% to $1,146,571. Sales volume fell by 40.73%, with unit sales down 41.67% to just 7 transactions. Meanwhile, new listings surged by 73.91%, increasing available inventory, while expired listings remained unchanged. With the unit sales-to-listings ratio dropping to 17.50%, market conditions have shifted in favour of buyers, presenting more opportunities and negotiating power.
Puslinch - March 2025
BUYER'S MARKET
The Puslinch real estate market remained in buyers’ favour this March, with significant declines in sales activity despite rising prices. The median sale price increased by 14.5% to $1,500,000, while the average sale price surged by 40.65% to $1,766,667. However, sales volume dropped by 61.64%, reflecting a 72.73% decline in unit sales to just 3 transactions. Meanwhile, new listings rose by 9.09%, adding to inventory, while expired listings fell by 25%. With the unit sales-to-listings ratio at just 12.5%, the market continues to show reduced buyer activity compared to previous months.
Hamilton - March 2025
BALANCED MARKET
The Hamilton real estate market remained balanced in March, with shifting trends in pricing and sales. The median sale price declined by 4.92% to $700,000, while the average sale price dipped by 1.67% to $764,401. Sales volume fell by 22.29%, with unit sales down 20.97% to 392 transactions. Meanwhile, new listings increased by 4.49%, and expired listings rose by 50%, contributing to higher inventory levels. With the unit sales-to-listings ratio at 42.11%, the market continues to offer opportunities for both buyers and sellers in a more balanced environment.
Halton Hills - March 2025
BUYER’S MARKET
The Halton Hills real estate market continued shifting in favor of buyers this March, with declining prices and lower sales activity. The median sale price dropped by 9.2% to $937,500, while the average sale price declined by 8.37% to $1,031,086. Sales volume fell by 44.32%, driven by a 40.3% decrease in unit sales to just 40 transactions. Meanwhile, new listings rose by 3.23%, adding to available inventory, while expired listings declined by 16.67%. With the unit sales-to-listings ratio dropping to 25.00%, buyers have more choices and stronger negotiating power in this evolving market.
Waterloo - March 2025
BUYER’S MARKET
Buyers in the Waterloo Region are finding increased leverage as the real estate market significantly shifted in March. The median sale price dropped to $726,000, and the average sale price decreased by 3.7% to $772,982, indicating downward pressure on prices. Furthermore, sales volume plummeted by 25.3%, translating to only 460 units sold, a 22.43% decrease. New listings surged by 18.53%, expanding the available inventory, while expired listings skyrocketed by a dramatic 77.97%. With the unit sales-to-listings ratio at a low 38.05%, buyers now have a wider selection and stronger negotiating power, signaling a clear advantage in the current market.
Cambridge - March 2025
BALANCED MARKET
Cambridge’s real estate market remained balanced in March, with slight declines in pricing and sales alongside a surge in new listings. The median sale price dipped 4.52% to $740,000, while the average sale price saw a modest 0.78% decrease to $776,960. Unit sales held relatively steady at 144 transactions, down 1.37%, while sales volume declined 2.14% to $111.88M. Meanwhile, new listings jumped 25.37%, increasing inventory, while expired listings dropped by 28.57%. With the unit sales-to-listings ratio at 42.86%, the market is offering more opportunities for buyers as conditions remain balanced.