Is Peterborough Becoming a Buyer’s Market? Here’s What the Summer Numbers Say
If you’ve been following the Peterborough real estate market, you may have noticed things feel a little different this summer. Just a year or two ago, buyers were scrambling, listings were scarce, and multiple offers were the norm. Fast forward to mid-2025, and the numbers tell a new story: Peterborough is trending slightly in favour of buyers.
So, what’s changed? Let’s break it down.
📊 Inventory Is Rising
In July 2025, there were 360 active listings in Peterborough, up nearly 29% compared to July 2024. More homes on the market means buyers finally have options. Instead of rushing into offers, they can take the time to compare, negotiate, and find a property that really works for them.
💲 Prices Are Softening
The average sale price in July landed at $621,768, which is 6.1% lower than the same time last year. For buyers, this signals opportunity. Sellers are adjusting expectations, and that’s opening doors (literally!) for those who were priced out not long ago.
🔑 Sales Are Still Happening
Don’t mistake this shift for a market freeze. July recorded 102 home sales, slightly above last year’s pace. Well-priced homes are still moving, especially those in desirable neighbourhoods or with unique features. The difference? Buyers aren’t under the same pressure to rush into bidding wars, they have room to breathe.
⏱️ Days on Market Are Leveling Out
Homes are taking an average of 28 days to sell, which is steady compared to the same time last year. That means serious buyers are still out there, but they have the luxury of moving at a more deliberate pace.
🧭 What This Means for You
If you’re buying: You finally have leverage. More listings and softer prices mean it’s a great time to negotiate and shop strategically.
If you’re selling: Pricing and presentation are critical. With more inventory available, standing out is non-negotiable…professional marketing, staging, and smart pricing strategies will make the difference.
Bottom Line
Peterborough isn’t in a full-blown buyer’s market yet, but the trend is clear: buyers have more choice, more negotiating power, and a little less competition. For the first time in years, the scales are tilting ever so slightly in their favour.
Whether you’re thinking of buying, selling, or just curious about where the market is heading, staying on top of these shifts is key. And if you want to know what this means for your home, or your next move, I’d love to chat about it.
📩 carrie.brockhurst@century21.ca | ☎️ 289-200-5444
