The first quarter of this year has revealed some interesting and, in some cases, surprising trends across Eastern Ontario’s real estate markets. Whether you’re a buyer or a seller, understanding what’s happening at the local level can give you an edge. Here’s a closer look at how each town is performing so far with this quarter’s real estate market update.

Cornwall: Stable and Predictable

Cornwall continues to show stability, with nearly identical sales figures compared to last year. There were 112 homes sold this year, just one less than the 113 sold last year. The average sale price dipped slightly to $392,683, representing a small decline of 1.16 percent. Homes are taking an average of 47 days to sell, which is the same as last year. This consistency suggests a balanced market with steady demand and inventory.

Long Sault: A Cooling Trend

Long Sault is experiencing a noticeable slowdown in activity. Sales are down by 43.75 percent, and average prices have dropped by more than 8 percent. However, homes are selling more quickly than last year, with the average days on market dropping to 53 from 79. This may indicate that the properties currently selling are priced more competitively.

Ingleside: Fewer Listings, Faster Sales

With only three active listings and five homes sold so far this year, the volume in Ingleside is unchanged. However, the average sale price has fallen from $439,000 to $365,000, which is a drop of nearly 17 percent. On a positive note, homes are now selling in just 40 days on average compared to 79 last year.

Morrisburg: Price Sensitivity on Display

Morrisburg saw a decline in sales of over 27 percent and a drop in average sale price of almost 21 percent. Homes are taking longer to sell, with an average of 80 days on the market compared to 48 the previous year. This suggests that buyers in this area are particularly sensitive to pricing, and sellers may need to adjust expectations.

Winchester: A Breakout Performer

Winchester is one of the top-performing towns so far this year. Sales have increased by 75 percent, and the average sale price has risen slightly to $513,636. Homes are selling faster as well, with the average days on market down to 27 from 41. Buyer demand appears to be strong, and well-priced homes are attracting attention quickly.

Chesterville: Don’t Let the Numbers Fool You

Chesterville shows no change in the number of homes sold compared to last year. Prices have dropped by nearly 10 percent. The most eye-catching number is the average time to sell, which has increased to 245 days from 66. However, this data is skewed by the very low number of sales and a few properties that sat on the market for unusually long periods. It does not necessarily reflect the broader market condition.

Russell: High Demand with Slight Price Correction

Russell has seen a 40 percent increase in the number of homes sold. The average sale price has decreased slightly by about 2 percent, now sitting at $701,686. Homes are taking a bit longer to sell, but overall activity suggests this remains a strong and attractive market.

Embrun: Fewer Sales, but Holding Strong

Sales volume in Embrun is down by about 17 percent, but prices have risen slightly by nearly 2 percent. Homes are taking a bit more time to sell than last year, with the average now at 67 days. Despite fewer transactions, buyer confidence appears to be intact.

Limoges: Less Inventory, Stronger Prices

Limoges has experienced a 37.5 percent drop in sales volume. However, the average sale price has increased significantly by more than 17 percent. Homes are also selling faster, with the average days on market down to 37 from 49. Limited inventory paired with strong demand is making this a competitive market.

Casselman: A Challenging Start

Casselman has experienced the sharpest decline in sales, down 70 percent compared to last year. The average price has remained mostly stable, dropping less than 1 percent. However, homes are now taking much longer to sell, averaging 72 days compared to just 25 last year. This may indicate growing inventory or shifting buyer preferences.

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What This Means for You

If you are thinking about selling, pricing your home correctly is more important than ever. This is especially true in towns where activity has slowed. If you are a buyer, you may find more room for negotiation in communities where prices are softening or where homes are staying on the market longer. Even if you are just keeping your eye on the market trends, I hope this real estate market update is helpful for you. If you have any questions or would like to dig deeper in the numbers, reach out!

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