Market Update: Belleville Real Estate – June 2025 Recap
June brought a few interesting shifts in the Belleville housing market that point to a more active summer ahead—though not without a few headwinds. Here’s a breakdown of what’s happening and what it means for buyers and sellers:
Active Listings:
Inventory climbed again, hitting 316 active listings—a 2.9% increase from May and up 18.4% year-over-year. This is the highest level we’ve seen in over two years, and while more inventory can create opportunities for buyers, it also puts pressure on sellers to price competitively and stand out.
Median Sale Price:
The median sale price dipped slightly to $525,750, down 2.5% from May’s $539,500. Despite the month-over-month softening, prices are still up 9.1% year-over-year, reflecting solid long-term growth for homeowners. The minor pullback in June likely reflects buyer fatigue or seasonal distractions rather than a major shift in fundamentals. The general trend over the last 2 years have been fairly flat with a slight upwards trend.
The sale-to-list price ratio held steady at 98%, showing that sellers are still getting close to asking, even with more inventory on the market.
Sales Volume:
Sales rose to 82 units, a 9.3% increase from May, marking one of the stronger months this year. This suggests that buyer activity is still present, even as summer distractions compete for attention. The uptick in sales helped absorb some of the growing inventory and indicates that well-priced homes are still moving.
Days on Market:
Homes are now taking a little longer to sell, averaging 33 days on market, up from 28 in May. While not alarming, it does point to a slightly slower pace—likely due to the rising supply and more selective buyers. Regardless, an average of approximately a month to sell a home is still very reasonable compared to some of the other markets (like the GTA). Keep in mind days on market only accounts for homes that actually end up selling – for properties listed at too high price with unrealistic sellers that end up expiring, those are not accounted for in this metric.
Months of Inventory:
Despite the doom and gloom from the GTA, Months of inventory moved to 3.9 from 4.1, firming remaining in the balanced market territory, inching slightly closer to a sellers market. However, if inventory continues to grow without proportional increase in sales, we may see it moving towards a buyer’s market in the near future.
What This Means Moving Forward
Buyers now have more choice and slightly more time to make decisions, but the best properties—especially updated, turnkey homes—are still moving. For sellers, pricing strategy is key: homes that are aligned with market value are still getting strong offers, but overpriced listings are likely to sit. With inventory climbing and days on market stretching, sellers need to act strategically to capture buyer attention.
Heading into July and August, keep an eye on whether sales volume keeps pace with inventory. If it doesn’t, we may see more price adjustments as the market continues to normalize after the spring run-up.
