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Scugog Housing May 2025
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Housing Market Report for May 2025
Here is the Township of Scugog Housing May 2025 report (all housing types), with reports from the Canadian Real Estate Association, and Toronto Regional Real Estate Board included.
This housing report for Durham Region includes the number of new listings, average list price, number of properties sold, average selling price, average days on market and average asking price to selling price ratio for all property types within the Region of Durham.
Scroll to the bottom for links to take you to the housing market reports for Durham Region, Uxbridge and Brock.
From Toronto Regional Real Estate Board
Toronto Regional Real Estate Board – Market Stats At A Glance – May 2025
Read the Toronto Regional Real Estate Board Market Watch Report
Scugog Township Real Estate Market Analysis – May 2025
The Scugog Township real estate market continued to demonstrate strong price performance in May 2025, though the sharp increase in average sale price was once again influenced by a few standout transactions. While sales volume remained consistent, the surge in both listings and inventory indicates a market with growing activity, albeit with signs of shifting buyer-seller dynamics.
May 2025
April 2025
Price Trends: Inflated Averages Due to High-End Sales
The average sales price for May 2025 climbed to $1,247,932, marking a 17.6% increase from April and a 19.5% year-over-year jump from May 2024 ($1,044,101). However, this substantial rise is largely due to two luxury home sales—one at $3,650,000 and another at $2,770,000—which heavily skewed the monthly average. When adjusted for these outliers, the pricing trend appears less dramatic and more in line with moderate market appreciation.
Sales Activity: Steady and Predictable
Total home sales came in at 25, matching the level from May 2024 and slightly below April’s 27. This consistency reflects stable buyer interest, even as prices remain elevated and inventory expands. The market is holding a steady rhythm, which can be seen as a positive in an otherwise uncertain economic landscape.
Market Competitiveness: Slight Erosion in Seller Leverage
The sale-to-list price ratio dipped to 97%, down from 98% in April and 100% in May 2024, indicating that sellers are accepting slightly less than their asking prices. While still reflective of a relatively balanced environment, it does suggest that buyers are gaining modest leverage in negotiations—likely due to expanded inventory and greater choice.
Inventory & Listings: A Surge in Supply Driven by New Builds
Inventory climbed significantly with 119 active listings, up from 85 in April and 101 a year ago. New listings surged to 90, compared to just 56 last month and 73 in May 2024. This increase is partly due to an influx of newly built homes entering the market, which is expanding buyer options and gradually increasing overall housing supply.
The months of inventory rose to 4.76, up from 3.15, keeping the market in balanced territory, though trending toward a buyer’s market if inventory continues to grow without a corresponding increase in demand.
Time on Market: Quick Turnarounds Continue
Days on market averaged 40 days, showing that homes are still selling at a healthy pace, despite the rise in inventory. This indicates a continued appetite among buyers, especially for well-priced and desirable properties.
Market Outlook: Stability Amid Expansion
While headline figures suggest strength, especially in average pricing, the underlying data points to a market that’s stabilizing. The consistent sales volume, slower price negotiation, and rising inventory levels show that buyers are becoming more selective. With more housing options, especially through new construction, competition could increase, potentially moderating price growth in the months ahead.
Conclusion: A Balanced Market With Expanding Inventory
The Scugog housing market in May 2025 remains resilient, but it’s also evolving. High-end sales have lifted averages, but the overall pace of sales and increase in available listings point toward a more balanced and competitive environment. For sellers, pricing strategically is key. For buyers, greater inventory and slightly softer negotiation margins make this a more favorable time to explore opportunities. As we head into the summer market, all eyes will be on whether inventory growth outpaces demand and how interest rates and economic signals influence buyer behavior.
WATCH OUR MONDAY MARKET MINUTES
*Information is believed to be accurate at time of posting but is not guaranteed to be correct. Some values may vary slightly based on the exact date and time the reports were generated. Market stats are provided by TRREB (Toronto Regional Real Estate Board) and are based on sales for the month of Attached/Row/Townhouses, Condo Apartments, Condo Townhouses, Detached, Detached with Common Elements, Link Homes and Semi-detached. *Some values may vary slightly based on the exact date and time the reports were generated.
Not intended as a solicitation if your property is already listed by another broker. Affiliated real estate agents are independent contractor sales associates, not employees. ©2021 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
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