The Market at a Glance
June brought a mix of momentum and hesitation across Dufferin County and the surrounding communities. While many buyers are taking a little extra time to make decisions, prices in several towns have actually crept upward compared to May. This trend is a sign that serious buyers are still in the market, especially for well-priced, move-in-ready homes.
But if you look closer, you’ll see that the total number of sales has dropped steeply year over year in almost every area. It’s a reminder that while demand is still out there, today’s market feels much more balanced than the frenzied pace of the past few years.
Average Price
Prices told an interesting story last month. In Shelburne, the average sale price landed at $694,000, which was about 3.5 percent lower than in May and nearly 17 percent below where things stood last June. That said, prices are still hovering well above pre-pandemic levels, and homes continue to attract motivated buyers when they’re listed realistically.
Orangeville saw a slight dip, with the average price coming in at just over $759,000. This was about 2 percent below May’s average and around 4 percent down from the same time last year. Even so, Orangeville remains a popular spot thanks to its variety of housing types and accessible commute.
Dufferin County overall experienced the most notable price jump. The average sale price reached nearly $972,000, which was a significant 11 percent increase month over month and a modest 2 percent higher compared to last year. This upward swing, even as sales slowed, shows that higher-value properties are still finding buyers willing to pay a premium.
Grand Valley also saw an uptick, with an average price of about $912,500. That was a 2.4 percent increase over May and roughly 3 percent higher year over year. Though only two homes sold, this small market can see big swings when one or two higher-end properties change hands.
Caledon continued to lead in price, with an average of $1.37 million. This was about 2.7 percent higher than May and nearly 4.5 percent above June 2024, suggesting that demand for larger homes in this area remains solid.
Finally, Southgate’s average price jumped to just over $775,000, a huge 22 percent increase month over month while staying almost exactly flat compared to last year. This spike was likely due to a few higher-end sales in a smaller pool of transactions.
List - to -Sale Price Ratio
Across the region, sellers continued to achieve strong sale prices compared to their asking prices, although there is a little more room for negotiation now. In Shelburne, homes sold for about 98 percent of list price, a slight improvement over May. Orangeville’s ratio sat at 97 percent, showing that buyers are negotiating an extra few percentage points compared to the red-hot market of 2022.
Dufferin County overall saw the list-to-sale price ratio slip to 96 percent. This was about 2 percent lower than both last month and last year, which means buyers are feeling more confident making offers below list, especially on properties that have been sitting longer.
Grand Valley maintained a steady 97 percent ratio. Caledon sellers secured about 97 percent as well, while Southgate continued to perform well at 98 percent of asking price. These numbers show that while the market has softened, sellers who price correctly are still getting solid results.
Days on Market
One of the clearest signals that the market has cooled is how long homes are taking to sell. In Shelburne, the average days on market came in at 29, which was actually a bit faster than May. Orangeville held steady at 27 days, showing that desirable listings are still moving quickly.
Dufferin County overall saw homes spending an average of 40 days on the market. This was a jump of nearly 43 percent compared to May and about 18 percent longer than last year. It’s a sign that buyers are taking more time to consider their options or negotiate terms.
Grand Valley listings took around 30 days to sell, which was about 25 percent longer than the month before. In Caledon, properties sold in about 22 days on average, a pace that remains surprisingly brisk given the higher price points. Southgate listings moved a little faster too, averaging 32 days, down sharply from May’s longer timelines.
Interest Rates & Housing News
The Bank of Canada kept interest rates unchanged in June, giving buyers a sense of stability after months of uncertainty. The next announcement is scheduled for July 16, and many economists expect rates to hold steady through the summer. This predictability is encouraging more first-time buyers to re-enter the market, especially as prices in some areas have become more approachable. At the same time, higher borrowing costs compared to a few years ago are continuing to keep some potential movers on the sidelines, creating a balanced environment where neither buyers nor sellers hold all the power.
Final Thoughts
If you’re thinking about making a move, now is the time to get familiar with what’s happening in your neighbourhood. Sales have slowed dramatically from last year, but prices are proving surprisingly resilient in many areas. Homes are still selling, and buyers are out there, but success today hinges on thoughtful pricing, collaborative strategy, and realistic expectations.
Whether you’re curious about your property’s value or just want to explore your options, I’m here to help you navigate it all with confidence.
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