Prince Edward County, Ontario, is experiencing a buyer's market with over 300 active listings and more sellers than buyers, a significant shift from the pandemic-era frenzy. The average price in May was $727,981, with properties sitting on the market for an average of 53 days. Buyers, often from Toronto, Ottawa, Hamilton, and Quebec, are patient and seeking turnkey homes, while sellers are advised to adjust prices to current market realities.
More sellers than buyers in Ontario’s prized holiday region
Toronto
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TL;DR: Key points with love ❤️Prince Edward County, Ontario, is experiencing a buyer's market with over 300 active listings and more sellers than buyers, a significant shift from the pandemic-era frenzy. The average price in May was $727,981, with properties sitting on the market for an average of 53 days. Buyers, often from Toronto, Ottawa, Hamilton, and Quebec, are patient and seeking turnkey homes, while sellers are advised to adjust prices to current market realities.
Trending- 1 2020-2022: Pandemic era, frenzied bidding contests, average price soared above $1-million.
- 2 2022: One property was listed with an asking price of $2.25-million.
- 3 2023: Sales and prices were in retreat as interest rates climbed.
- 4 Earlier this year (2025): A home that had been sitting for two years sold for $1.2-million.
- 5 May: Prince Edward County recorded 31 sales and 134 new listings; the average price stood at $727,981; average days on market was 53.
- 6 June: Over 300 listings were active; a couple from Alberta purchased a house on the water in the $2.395-million range.
- 7 As June wound down: The article describes the current market situation.
- 8 Future: Sellers are optimistic that sales will pick up if interest rates fall further and Canada successfully negotiates a new trade deal with the United States.
- More sellers than buyers in Prince Edward County's real estate market
- Increased inventory of active listings (over 300)
- Longer 'days on market' for properties (average 53 days)
- Average prices lower than pandemic peak ($727,981 in May)
- Buyers are more patient and often make conditional offers
- Sellers need to adjust price expectations to current market realities
- Some buyers are delayed because they need to sell existing properties first
- Buyers are more cautious about the second home market
What: Prince Edward County, Ontario, is experiencing a real estate market with more sellers than buyers, leading to increased inventory and longer selling times.
When: As June wound down (over 300 listings active); May (31 sales, 134 new listings, average price $727,981, 53 days on market); Early years of the COVID pandemic (frenzied bidding, prices soared); 2020-2022 (insanity, money was cheap); 2023 (sales and prices in retreat); 2022 (one property listed for $2.25M); Earlier this year (Ms. Forcht had interested buyers for a home); June (couple from Alberta purchased a house).
Where: Prince Edward County (PEC), Ontario (peninsula about two hours east of Toronto, surrounded by Lake Ontario); Picton, Ont.; Belleville, Ont.; Toronto, Ottawa, Hamilton, Quebec (buyers' origins); Collingwood, Ont.; Muskoka, Owen Sound (similar market trends); British Columbia, Alberta (buyers' origins); Maritimes (alternative consideration).
Why: The dynamic has changed dramatically from the early years of the COVID pandemic due to climbing interest rates and more stringent rules around short-term rentals.
How: Real estate agents (Tammy Noyes, Gail Forcht, Anita Springate-Renaud) observe market trends, listing activity, sales data, and buyer/seller behavior to describe the current market conditions.