2025 Q1 Real Estate Market Update
Statistics provided by the Canadian Real Estate Association and OnePoint Association of REALTORS® – Grey Bruce and Owen Sound
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Residential Activity
Sales in the Grey Bruce Owen Sound residential sector slowed in the first quarter of 2025 compared to the first quarter of 2024. Residential property sales numbered 364 units in the first quarter of 2025, down 12 sales compared to the same quarter in 2024. Single detached home sales slowed 3.2% in the first quarter of 2025.
| Summary – Sales and Median Price / Single Detached | |||
|---|---|---|---|
| Category | Q1-2025 | Q1-2024 | Year-over-year % change |
| Unit Sales | 301 | 311 | -3.2 |
| Median Sale Price | $600,000 | $585,000 | 2.6 |
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Sales by Price Range
The market for single detached homes was tightest in the range below $500K, where demand was strongest relative to supply. Single detached homes in the price range $600K-$700K spent the least amount of time on market prior to selling in the first quarter of 2025.
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Median Price
The median sale price for single detached homes edged up 2.6% on a year-over-year basis to $600,000 in the first quarter of 2025.
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Market Conditions
These recent numbers show a more balanced market. This means homes spent more time on the market in the first quarter than they had a year earlier. The median number of days on market for sold single detached homes was 41 in the first quarter of 2025. This is up slightly from 36 days in the first quarter of 2024. Months of inventory for single detached homes numbered 6.9 at the end of the first quarter of 2025. This is a slight increase from the 6.4 months recorded at the end of the first quarter of 2024. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.
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