Real Estate Market Analysis for February 2026

The February 2026 real estate statistics for the City of Peterborough show a slower market compared to the same time last year, with fewer sales, lower average prices, and more homes available for buyers to choose from. These changes suggest the local market is shifting toward more balanced conditions after several years of intense competition.

Key Market Highlights

Average Sale Price: $543,857
Average Number of Sales: 47
Active Listings: 207
Average Days on Market: 30

Year-Over-Year Comparison

Compared to February 2025:

Average Sale Price: down 8.9% (from $597,205)
Number of Sales: down 16.1% (from 56)
Active Listings: up significantly from 161 to 207

A growing supply of homes combined with fewer sales is helping to slow price growth and reduce the pace of the market. In real estate, when inventory increases while sales decline, buyers typically gain more negotiating power.

More Listings, More Choice

One of the biggest changes in the market this year is the increase in available listings. With 207 homes on the market, buyers have considerably more options than they did last February.

During the highly competitive markets of the past few years, buyers often faced limited inventory and multiple-offer situations. Now, the increase in supply means buyers can take a bit more time evaluating properties and comparing options.

Homes are still selling in a reasonable timeframe, with an average of 30 days on market, but the pace is slower than the rapid turnover seen in previous years.

Prices Adjusting to Market Conditions

The 8.9% decrease in average sale price year over year reflects a market that is recalibrating after the rapid price growth seen earlier in the decade.

Price changes like this don’t necessarily mean every home is selling for less. Average price can fluctuate depending on the types of homes sold in a given month. For example, if more entry-level homes sell in one month than luxury homes, the overall average price may appear lower even if individual property values remain relatively stable.

However, the shift does signal that buyers are becoming more cautious and price-sensitive, especially with affordability and mortgage rates still playing a role in purchasing decisions.

What This Means for Sellers

For sellers, the key takeaway is that pricing and presentation matter more than ever.

With more homes competing for buyer attention, properly pricing a property based on current market conditions is crucial. Homes that are priced competitively and marketed effectively are still attracting strong interest and selling within a reasonable timeframe.

Sellers should focus on:

Accurate pricing based on recent comparable sales
Strong marketing and professional presentation
Being prepared for negotiation

The days of simply listing a home and expecting immediate multiple offers are less common, but well-prepared listings can still perform very well.

What This Means for Buyers

For buyers, the current market presents more opportunity and flexibility.

With inventory levels rising and fewer competing buyers, purchasers may find they have more time to make decisions and potentially negotiate on price or conditions.

Benefits for buyers right now include:

More homes to choose from
Less pressure to compete in bidding wars
Greater ability to include financing or inspection conditions

For many buyers who felt priced out or rushed in previous years, the current market conditions may create a more comfortable path into homeownership.

Looking Ahead

As we move toward the spring market, activity typically increases as both buyers and sellers re-enter the market. If inventory continues to rise while sales remain moderate, Peterborough could continue trending toward a more balanced market.

For both buyers and sellers, working with a knowledgeable local REALTOR® can help navigate changing conditions and make the most of the opportunities the market presents.

Our team is here to help you understand your options and navigate the market with confidence. 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: