Looking Ahead: Insights & Outlook from Paul Van Grootheest

Centre Wellington Real Estate Market Update: Summer Wrap-Up & Fall 2025 Outlook

I hope everyone in Fergus, Elora, and Belwood enjoyed a wonderful summer with family and friends. As we head into fall, many homeowners are asking: What’s happening in the Centre Wellington real estate market? Let’s take a closer look at how freehold homes have performed this year compared to 2024, and what buyers and sellers can expect in the months ahead.

Fergus, Elora & Belwood Freehold Housing Market: 2024 vs 2025. In 2024, home prices in Centre Wellington peaked in April before softening through the summer. This year has followed a similar trend. In Fergus, Elora, and Belwood, the average freehold home sale price peaked in April in the mid-$800,000s to $900,000s, then leveled off in May and June.

Another important trend: new listings have outpaced sales. For example, in May 2025 there were 110 new freehold listings compared to only 38 sales. This created more inventory and gave buyers greater choice — meaning sellers need to be sharp with pricing and presentation to stay competitive.

The good news is that buyer activity has been picking up in late summer. Open houses are busier, showings are on the rise, and many buyers who delayed their move in the spring are now re-entering the Fergus and Elora housing market.

Historically, September, October, and November are some of the strongest months for home sales in Centre Wellington. Families are back into routine, and many buyers want to purchase before Christmas. Sellers often find momentum at this time of year, as the market balances out after a slower spring.

What This Means for Buyers & Sellers

For Sellers: This fall could be an excellent opportunity to list your home in Fergus, Elora, or Belwood. Competitive pricing will be essential, but increased demand means a well-presented home can sell in 30–60 days in today’s market.

For Buyers: With more inventory available, this fall is a great time to find the right property — whether you’re looking for a family home in Fergus, a character house in Elora, or a rural property near Belwood Lake. Interest rates are stable, giving buyers more confidence to move forward.

Final Thoughts

After a slower spring, the Centre Wellington real estate market is showing signs of strength. If you’re planning to buy or sell a freehold home in Fergus, Elora, or Belwood this fall, now is the time to get started. Let’s get you into your new home before the snow flies and Christmas arrives.

Looking for a personalized market evaluation of your home? Contact me anytime — I’d be happy to help you plan your next move.

Cheers,
Paul Van Grootheest