May Shifted the Market Momentum
May has come and gone and hopefully so has the rainy, cold weather we were experiencing.
As the weather warms, we are hopeful for a heating up of the Real Estate Market as well. We have previously discussed the slow Spring start and things like the Federal election, tariffs and economic uncertainty have put a damper in the Real Estate Market in Canada.
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As summer 2025 approaches, the real estate landscape seems to be shifting with an abundance of homes on the market. The higher inventory is giving Buyers more choices than ever, leading to increased competition among Sellers and more negotiating power (and better deals) for Buyers.
Here’s Why
Longer daylight hours and more flexible summer schedules make it an ideal time for families to move,
Which means we are seeing a renewed focus on properties with appealing outdoor spaces.
As expected with the month of May, compared to April, we have seen an increase of sales in all areas, except Belleville.
Belleville saw a small decrease in number of sales month over month (down 5% or 75 sales instead of 79 sales in April).
All other areas saw an increase in the number of monthly sales around the 30% range.
Stirling-Rawdon saw the biggest increase in sales month over month of 86% but this number is misleading, given the small market size of Stirling.
May saw 13 sales versus the 7 sales in April.
In the areas of Brighton, Quinte West and Stirling, months of inventory actually went down indicating a push towards a more balanced market but this is likely due to the increase of homes sold for the month of May.
Belleville went from a balanced, or even a Seller market, to more of a Buyer's market due to a slightly lower number of sales and an increase of homes on the market (311 active listings for the end of May).
Comparing 2024 to 2025
When we compare last May (2024) to this May (2025), we see fairly consistent numbers across the board indicating that 2025 is closely resembling 2024 in terms of both active listings and number of sales, year to date.
One exception is Quinte West, as they have 44% MORE inventory than last year, yet the number of sales remained within a few percent.
The delay in the good weather could be a contributor to the delay in the Spring Market, which is normally one of the busier times in a given calendar year.
What Now?
We will continue to monitor June and the market moving forward but if the first week in June is any indication, we here at TEAM BALLAS are certainly feeling busier.
Real Life Example
We have negotiated several new deals for both our Buyers and Sellers along with 4 new rental/lease deals on homes that Sellers decided to rent instead of Sell.
This was an option we discussed with Sellers that have a secondary or vacant home, thereby providing some financial relief in the form of a rental income each month.
Please reach out to us for a closer, in-depth review of YOUR particular area of interest. Otherwise, hope to see you at the beach or water.
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