Housing data was a mixed bag in February.
“With last year being a period of adjustment, we’re continuing to see a market that is working through evolving conditions,” said Central Lakes Association of Realtors President Christine Riley. “While sales volumes have eased in some areas, pricing trends are varying by region, and the long-term economic drivers across our communities – including major infrastructure and energy investments – position us well for sustained demand. Buyers and sellers who are well-prepared and working with a REALTOR® are finding meaningful opportunities.”
Hastings County reported 82 home sales in February, down 4.7% month-over-month. The average selling price was $555,798, up 11.4% from January’s $499,005, and 7.3% higher than last year’s $517,873. New listings reached 247, down 4.6% from January, but up 8.3% year-over-year. In February, homes spent an average of 51 days on the market.
Northumberland County recorded 71 sales in the month of February, a 47.9% increase from January’s 48. The average selling price decreased 8.5% month-over-month, reaching $693,431 in February, but remaining 2.5% higher year-over-year. New listings declined 10.7% month-over-month, coming in at 183, with homes spending an average of 59 days on the market.
Prince Edward County saw 11 home sales in February, down 8.3% month-over-month from 12 in January. The average sale price was $662,409, up 1.8% from last month’s $650,694, but still down 16.5% year-over-year. New listings totalled 50, up 4.2% from January, with homes spending an average of 140 days on the market.
“The housing crisis cannot be solved in isolation by any one level of government. February’s data reinforces the need for coordinated, cross-jurisdictional action that prioritizes speed, supply, and affordability,” said CLAR CEO Wendy Giroux. “With over 100 advocacy touchpoints across federal, provincial, and municipal levels last year, CLAR will continue ensuring that housing policy decisions reflect market conditions and support sustainable growth across our Region.”
Click on the region below for more details:
