One quarter of the way through 2025 and the Orangeville real estate market is showing us that buyers are concerned about where the economy is headed and that lower interest rates are, in fact, not the cure-all to a slow real estate market.  As we ramp up for the spring real estate market, buyers were very quiet again in March, with 33 sales. This is only down 13.16% from the 38 sales in March 2024 but is well off the 10-year average of 63 sales in the month of March.  The number... [read more]

Economic uncertainty and bad winter weather combined to give buyers and sellers in the Orangeville real estate market time to pause in February and as expected we saw the numbers of new listings and sales decline both year over year and month over month.  February was a very slow month for sales the 18 sales in February were the lowest in the last 25 years, and this was down 47.06% from the 34 sales in February 2024. This is a reversal of a normal trend where sales increase from January... [read more]

The Orangeville real estate market started the year with a bang, but is the momentum here to stay? I will say that January is often a difficult month to get a read on because there are generally low volumes. Let’s take a look at the numbers and see what’s going on here.  January 2025 Stats Starting with new listings the trend from most of 2024 of higher listings than the 10-year average continued into January with 65 new listings an increase of 35.42% over January last... [read more]

January is a great time to look ahead and make some predictions about what the new year will bring. I’m not one to make bold predictions about the real estate market but I would like to share my thoughts on what I can see today that might impact the market moving forward. As we begin 2025 the one word that I keep thinking about is Uncertainty. There are so many issues that we can see right now that will cause a lot of questions for the real estate market this year. The main areas that I... [read more]

New year same results. 2024 was a very similar year to 2023 in the Orangeville real estate market there was a low number of transactions and home prices remained relatively flat between the two years.  2024 Orangeville Real Estate Market Stats Summary   The 419 sales in 2024 were the second lowest total for a year in the last 25 years but represented a 2.7% increase over the 408 sales in 2023. Higher interest rates, along with an overall lack of seller motivation continued to... [read more]