Home sales remain weak
Winter weather and slow economy combine to hobble real estate market
Only nine homes sold in Trent Hills in February as winter weather and a weak economy combined to hamper sales.
Last month, eight detached homes sold with a median price of $557,500 and one condo-townhouse sold for $565,000. Sales were down 35 per cent from February 2025 when 14 homes sold but the median price was up from $485,000 a year ago. In comparison, 20 homes sold in February 2024 with a median price of $511,266.
Another indication of the weak market is that there were 92 active listings last month, compared to 75 a year ago. The average home that sold had been on the market for 68 days, down from 84 last year.
In all of Northumberland County 71 homes sold, 59 of them detached. The median price was $635,000. A year ago, 73 homes sold with a median price of $629,000.
“With last year being a period of adjustment, we’re continuing to see a market that is working through evolving conditions,” said Christine Riley, President of the Central Lakes Association of Realtors. “While sales volumes have eased in some areas, pricing trends are varying by region, and the long-term economic drivers across our communities – including major infrastructure and energy investments – position us well for sustained demand.”
At the Trent Hills council meeting last week, Chief Building Official Stephen White reported that new home construction and renovation was weak last fall and for all of 2025.
His report showed that from October to December 18 building permits were issued for new homes worth $5.2 million and 31 permits were issued for renovations valued at $2 million.
For the entire year, 245 permits were issued with a value of $26.6 million, compared to 439 permits valued at $90.2 million in 2024.
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