ST. THOMAS MARKET SNAPSHOT - APRIL 2025

Ryan Harper
May 6
2 min read

📊 April 2025 Market Snapshot – St. Thomas Real Estate Update

The St. Thomas real estate market continues to shift this spring, showing signs of increased balance, but leaning to the buyers side, compared to the same time last year. Whether you're considering a move, watching market trends, or just keeping informed, here’s what you need to know about what happened in April 2025.

🏠 Home Prices Hold Steady

The average sale price in St. Thomas reached $574,887 in April 2025, a modest 0.8% increase over the same month in 2024. It's too early to tell whether this signals renewed consumer confidence. We'll be watching closely in the months ahead to see if a clearer trend emerges.

📉 Fewer Sales, But More Listings

68 homes sold in April—8.1% fewer than the same month last year. This dip in activity may reflect changing buyer behavior, rising borrowing costs, or simply a more patient approach in today’s market.

At the same time, the number of new listings rose slightly to 127 (up 1.6%), and active listings jumped to 190, marking a 15.2% increase year-over-year. With more properties on the market, buyers now have more choice, and sellers are facing increased competition.

📊 Market Leaning Toward Balance

The sales-to-new listings ratio dropped to 53.5%, down from 59.2% a year ago. This ratio is often used to gauge the type of market we're in. A ratio between 40% and 60% is generally considered balanced—indicating neither a strong seller's nor buyer's market.

⏳ Homes Taking Longer to Sell

Homes are spending more time on the market, with a median of 25 days in April 2025 compared to 17 days last year. This means sellers need to be more strategic with pricing and presentation, as buyers take longer to make decisions.

📦 Slight Rise in Inventory

The months of inventory rose to 2.8, up from 2.2 in April 2024. While we’re still below the 4–6 months typically seen in a balanced market, the increase suggests buyers have a bit more leverage than they did a year ago.

💬 What Does This Mean for You?

If you're buying, now could be a great time to explore your options without feeling the intense pressure of past seller's markets. If you're selling, it’s important to price your home competitively and make sure it shows well—homes that are well-prepared are still selling.

As always, I'm here to help break down what these numbers mean for your specific situation. Whether you're curious about your home's value, considering a move, or just keeping an eye on the market, I’d love to connect.

📞 Reach out anytime—I'm just a call, message, or coffee away.

Direct: 226-235-1206

ryanharperrealtor@royallepage.ca