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In Belleville, the average sale price came in at $547,202, up 8.3% from the previous month and nearly flat year over year, while the median price reached $510,000, up 1.5% month over month but down 5.5% from the same time last year. That tells us the market has a little more pep in its step this spring, but it is not exactly running wild in rubber boots just yet! Buyers are active, but still measured, and pricing remains grounded in reality rather than wishful thinking.
Sales activity also picked up nicely with a 52.3% jump over the prior month, while new listings climbed to 198, up 30.3% year over year. More inventory is giving buyers better choice, which is healthy news for the market, and it helps explain why 68.7% of homes still sold below list price.
For buyers, this is the kind of market that feels a little less stressful than the frenzy years and a little more strategic than a pure bargain bin. With more listings available and most homes selling below asking, there is room to compare options, negotiate thoughtfully, and avoid the “buy it by dinner or lose it by dessert” energy. At the same time, homes that are priced well are still attracting attention, so hesitation can cost you the good ones.
For sellers, the message is simple: preparation and pricing matter more than ever. Homes are selling, and the rise in transactions is encouraging, but buyers are clearly doing their homework, especially with the average sale-to-list ratio sitting at 98.6%. In other words, Belleville buyers will absolutely notice if a listing is polished and priced right.
Written by Elyse Gallagher, Century 21 Lanthorn Real Estate Ltd., Belleville.
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