December Real Estate Market Update: What You Need to Know
As we head into winter, the local real estate market is showing the typical seasonal slowdown across Belleville, Prince Edward County, and Quinte West. While activity has cooled compared to the fall, prices remain relatively stable year over year, giving both buyers and sellers useful insights as they plan for the new year.
Belleville saw a modest dip in activity in November. The average home price came in around $432,000, which is still up approximately 4% compared to last year. Month over month, prices eased slightly—just under 1% from October. Sales volume slowed, and homes are spending a bit more time on the market, indicating that buyers are taking a more cautious and measured approach as winter sets in.
In Prince Edward County, the market experienced a bit more softening. Prices declined by about 4% compared to October, and overall sales were quieter. Inventory levels remained stable, helping maintain a balanced market. While it’s still a competitive area, buyers now have more breathing room to make decisions than they did this time last year.
Quinte West delivered one of the stronger year-over-year performances. Average prices were up roughly 6% compared to November 2024, a solid gain for what’s typically a slower season. Month-to-month prices remained fairly steady, and although sales activity slowed, inventory levels stayed consistent—helping keep the market balanced heading into the new year.
Overall, November reflected a normal winter cooldown across the region rather than any major market shift. If you’re thinking about buying or selling in the new year, this is a great time to start planning your strategy, understand your timing, and get clear on your goals.
If you have questions about your home’s value or want guidance on navigating the market in the months ahead, feel free to reach out—help is just a call away.