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A SELLER'S EDGE
Recent data from the Sudbury Real Estate Board paints a clear picture of a market with strong demand and rising values. As of May 2025, the average price of a home sold in Greater Sudbury reached a record high of $535,508, a notable 9.3% increase from May of last year.
Key statistics from May 2025 include:
MLS® Home Price Index (HPI): The composite benchmark price, a more accurate measure of price trends, was $509,900, up 6.6% year-over-year.
Home Sales: While sales were robust, they saw a slight decrease of 4.1% compared to the same month in 2024, with 278 units sold.
Inventory: Active listings were down 5.1% from last year, with 633 units on the market. With only 2.3 months of inventory, the market is favoring sellers.
These figures indicate a competitive landscape for buyers, with well-priced homes moving quickly.
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