Real Estate Market Analysis for May 2025

by CENTURY 21 United Realty Inc. Brokerage

The latest real estate data for May 2025 is in, and it reveals a market that continues to adjust to evolving economic conditions. While activity has remained relatively steady, both home prices and sales have seen a modest dip compared to this time last year. Here’s a breakdown of what the numbers are telling us.

Market Snapshot – May 2025 vs. May 2024

Average Sale Price: $639,394 (down 4.2% from $667,111 in May 2024)
Number of Sales: 109 homes sold (down 4.4% from 114)
Active Listings: 315 (up from 254 – a 24% increase)
Average Days on Market: 24

What Does This Mean for Buyers?

Buyers may find some relief in the current market compared to the competitive conditions we’ve seen in recent years. The combination of a slightly lower average sale price and a growing number of active listings means more options and more negotiating power. With homes sitting on the market for an average of 24 days, there’s also a bit more breathing room to make informed decisions without rushing into multiple offer situations.

What Does This Mean for Sellers?

While the average sale price has dipped slightly year-over-year, the Peterborough market is still performing within a healthy range. Sellers may need to adjust their pricing strategies and expectations, particularly with inventory levels on the rise. That said, well-presented and correctly priced homes are still moving within a reasonable timeframe. Professional marketing, staging, and pricing your home competitively will remain key to attracting buyers.

A Market in Balance?

The increase in active listings paired with only a modest decline in sales volume suggests that Peterborough is edging toward more balanced market conditions. This can create a healthier environment for both buyers and sellers, reducing the extreme highs and lows we’ve seen over the past few years.

Looking Ahead

As we move into the summer months, it will be interesting to see if buyer activity increases with the warmer weather or if affordability concerns continue to temper demand. For now, the market remains stable with a slight lean toward favouring buyers — but opportunities still exist on both sides of the transaction.

Have questions about the Peterborough market or what these numbers mean for your plans?

We always have an agent on duty to help. Call our office at 705-743-4444 and we will be happy to direct you to a REALTOR® to answer your questions.

Highlighted below are some of the major areas we cover with our stats: