Centre Wellington’s real estate market edged closer to balanced conditions in June, though it remained slightly in favour of buyers. The median sale price dropped 11.27% to $727,500, while the average fell 9.34% to $786,548. Despite softer pricing, unit sales rose 10% to 44 transactions, and overall sales volume held steady with a slight 0.28% dip. New listings increased 29.41%, expanding inventory, while expired listings rose 66.67%, indicating longer selling times. With a unit sales-to-listings ratio of 40%, the market sits just on the cusp of balanced.
