Centre Wellington’s real estate market shifted in April, leaning toward a buyer’s market with softer pricing and slower sales. The median sale price dropped 16.9% to $722,500, while the average sale price fell 23.17% to $759,559. Sales volume declined sharply by 49.77%, with unit sales down 34.62% to 32 transactions. New listings eased slightly by 7.09%, while expired listings surged by 71.43%, reflecting longer selling times. With a unit sales-to-listings ratio of 28.81%, buyers have increased negotiating power as market conditions favour them.
