December Market Snapshot

As we step into December, the real estate market continues to settle into a more balanced place. Here’s a quick look at the November numbers, what’s happening right now, and what it means for you.

Single-Family Homes

As of December 1, 2025, the median sale price for single-family homes is $751,500. This is the lowest we’ve seen since December 2020, when the median was $680,000. Back then, the market jumped by $110,000 in just one month, landing at $790,000 in January 2021. Homes are currently spending an average of 23 days on the market.

Condos

The condo market is showing similar balance. The median sale price sits at $422,672, with an average of 37 days on the market.

Rates Are Improving

Over the past month, we’ve seen interest rates dip as low as 3.68 percent for a five-year term. This shift is creating new opportunities for buyers who have been waiting for the right time to step in.

What This Means for Buyers

This is a strong window for buyers, but strategy matters. You’ll want to take your time, negotiate confidently, and stay patient as you compare options. There’s value to be found, but it won’t come from rushing into the first home you see.

What This Means for Buyers looking to Upsize

If you’re upsizing from a first home into a larger property, this market is working in your favour. The entry-level segment is stronger than the move-up segment right now. That means you’re likely to get more for your first home in the $400,000 to $650,000 range, and you’ll have more negotiating room on a home in the $650,000 to $900,000 range. This is one of the rare times when selling smaller and buying bigger actually lines up well. The key is to price your current home at true market value. Overpricing kills momentum and makes the move-up process much harder.

What This Means for Sellers Who Are Not Buying Again

If you’re thinking about selling without purchasing another home, this decision may feel tougher. We aren’t expecting a sudden jump in prices. The market is more balanced, and that trend is likely to continue. Your best approach is to look closely at your long-term plans, timeline, and financial goals before making a move.

Final Thoughts

That’s your quick look at the market as we move into December. If you’re thinking about buying, selling, or you’re simply curious about what these numbers mean for you, we’re here to help answer your questions.