New Tecumseth Monthly Market Update - April, 2025
New Tecumseth Market Review
April 2025
Sales and Listings:
In April 2025, 59 homes were sold, up from 45 in March. Active Listings increased to 239, from 212 last month, while New Listings dipped slightly to 138 from 151. The spring market remains active, though the pace of new inventory may be starting to level off.
Pricing Trends:
The average sale price rose to $879,609, up sharply from $807,311 in March. Meanwhile, the Benchmark Price dipped to $816,700, down from $844,100 last month. This divergence suggests that while more high-priced homes may have sold in April (boosting the average), the underlying market value is still feeling pressure — likely due to buyer caution and shifting property types.
Market Dynamics:
Homes took an average of 31 days to sell, down from 36 in March — a sign that buyer confidence may be picking up. Months of Inventory (MOI) rose slightly to 4.3, indicating a market that’s still leaning in favour of buyers, but not dramatically.
Interesting Observations:
Compared to April 2024, Active Listings surged from 165 to 239, and New Listings increased from 130 to 138. Inventory is up significantly year-over-year, giving buyers more options and increasing competition among sellers. Economic uncertainty still looms, but there are growing signs of renewed interest as weather improves and potential rate cuts draw closer.
Conclusion:
Is it a good time to Buy? Yes — more inventory, lower benchmark pricing, and less competition make now a good time for buyers to act strategically.
Is it a good time to Sell? Maybe — if your home shows well and is priced appropriately. The buyers are out there, but they’re selective and have more to choose from.
Considering a move or just want to chat market trends? Let’s talk — I’m here to help.
