Fernie Real Estate Market Report: May 2025 – Buyer’s Market Deepens as Listings Fall and Homes Sell Faster

May 2025 reveals a tale of two markets—sales are down, prices are cooling, but properties are moving faster.

 📊 New listings dropped 24%
 💰 Sale prices fell 2%
 ⏱️ Days on market down by 53%
 🛑 MSI sits at 7.3, solidifying a strong buyer’s market

Tune in for this month’s insights into Fernie's evolving market and what it means for your next move—plus the long-term trends still favouring both buyers and sellers.

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Transcript

Phil: 0:00

The Fernie market has shifted again. Listings are down and prices are dropping, but homes are selling faster than ever. At 96% sell to list ratio. Is this a pause or a perfect time to act? Stay tuned for the Fernie Real Estate Market May 2025.

0:19

Welcome to the property mindset podcast. The home of the Fernie real estate market report.

Phil: 0:26

Hey, it is the market summary, the Ferny market summary for May, 2025. Let's get into it. new listings, they are down 24%. We had 31 new listings in May of 2025 and 129 listings. new listings year to date, that's actually down 9%. On 2024, sold listings down 35% in May, 2025. and more red, 12% in the red for sold listings year to date. So only 59 sold listings, year to date as of 2025. So you can see a very different, different year. To last year at the moment, Trump tariffs, the election, election hangover, maybe. we definitely have seen a bit of a sluggish year as of 2025. The median price point is down 11% at, 670,000. year to date. the average price is infer as of May, 2025. The list price, 835,536, that's down 32%. And the average sale price is also down 2% in May, 2025, and that's at 809,568. prices are also down across the board year to date for average prices. So the average list price. in 2025 so far is just under 800,000 at 799,239 down 10%, and the average, sale price as of 2025 is 760,169. That's down 9% on 2024. there's a bit of green amongst the red, and that is a little bit of good news for sellers. so the sale to list ratio is actually at 96%, so that's up 5%. So if you sold your house in May, 2025, you've got 96%. Of the listing value on average. also good news for sellers days on market is down to 59%. That's down 53%. so that's good news. So your houses are actually selling quicker in May 20, 25 than they were in May 20, 24. And the month supply of inventory is very high of May 20. 25 at 7.3%. So that would suggest that we are in a very strong buyer's market. That's actually down 16% on, this time last year. this time in May, the MSI number was actually indicating that we were in a buyer's market back then. I would say that there is much more inventory that's not moving as quickly at the moment. which are giving buyers a lot more opportunity. And, buyers have the luxury sometimes now of, taking a little bit of time with their offers, making sure that, they get what they want. so the active inventory down, 12% down on May last year. so the average sale price over the last five years, since 2021, has actually dropped a little bit to 9.6%. the average sale price has actually grown year on year average, just over 9%. year on year percentage increase over the last decade. it's currently at 8.41. So if you bought a house in 2015 every year, it would've, increased in value by 8.41%. the median, the average medium price is also down slightly at 8.96 and the average year on year. The medium year on year percentage increase over the last decade is actually at 8.15%. So as you can see, there is a lot of red again this month. the market is, in a bit of a transitionI feel at the moment, there's lots of opportunity for both buyers and sellers, as always. as always, sellers have to be mindful of where they are currently listing their home, in, comparison to fair market value. And buyers are getting a little bit more opportunity, I feel, a little bit more, product on the market, a little bit less time to, get rid of it. if you would like a more in depth analysis on your property or your buyer and you want help with, market analysis for the buying side, then please get in contact. As always, Phil Gad Personal Real Estate Corporation. my direct number is 7 7 8 7 4 5 0 3 4 7. please feel free to reach out if you have any inquiries about the Ferny market or please leave a comment below. But as always, stay informed. Stay focused, and keep building that property mindset.