Real Estate Market Report May 2025
May Market Report
At this time, RE/MAX By The Bay Brokerage is pleased to share a one-page Real Estate Market Report for the month of May, 2025. Information is included for the areas of Wasaga Beach, Collingwood, Clearview, Blue Mountains, Meaford, Tiny Township, and Georgian Bay Township.
The provided reports are based on the available information as reported to the PropTx MLS System (Matrix) in Ontario. Percentage differences, in particular in the smaller markets, can be skewed due to so few unit sales in the reported period (for example, in Tiny Township, there had only been 1 reported condominium sale in 2024 and reported condominium sale in 2025 year-to-date. The difference in price between those two individual sales is a significant price adjustment. It is a comparison of those two units, more than a reflection of the market at large).
General Observations:
After a slow first quarter at the beginning of the year, the market has concluded healthy activity in both April and May. The number of unit sales in 2025 year-to-date and the average sale price year-to-date in 2025 are now relatively comparable in most markets to year-to-date averages in 2024. However, there is a noticeable increase in inventory in 2025, including a significant increase recorded throughout May in comparison to the number of listings activated in April. Notably, a portion of the increase can be credited to properties that were relisted in May, which added to the portion of listings that were new to the market for spring and summer (not previously listed). The increase in inventory has made it feel slow for the majority of sellers in the marketplace due to a continuation of low absorption rates and increased months of inventory available. This has softened the list-to-sale ratio from pandemic times back to a more normal range of negotiation, and increased the average days on market.
How’s the Market?
The short answer is that this is a great time to buy a home with the amount of selection available (inventory), reasonable interest rates, fewer competing offers in the marketplace, and the purchaser’s ability to negotiate a fair price, terms, and conditions. For sellers, it can be a challenging time as the process can be slower, and that requires added patience to connect with the right buyer in this market. Statistically, there is unfortunately not a buyer for every property listed at the moment, in particular in above-average price ranges. This can mean fewer showings, or added time between showings, until the supply and demand find more balance to improve the absorption rate.
Important Notes:
- Duplicates have been manually deleted.
- Information includes TRREB & One Point Association of REALTORS® (+ all additional PropTx MLS contributing real estate boards in Ontario)
- Vacant Land was excluded from the Freehold results.
However…
- Year-to-date (YTD) is a limited number of unit sales in 2025 and is not a long-term reflection of the market conditions.
- There could be missing data from 2024 that has not been transferred from ITSO to PropTx. However, we believe that is thankfully very rare at this stage in the merger.
- Freehold currently includes “land lease” unit sales, which is to be considered when reviewing the average price.
Your GO TO Team remains available to provide additional information and to meet all your real estate needs. Please call, text or email us today with your questions.
View the entire Market Report for this month by clicking the links below for each township you are interested in:
