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

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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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Episode Transcript

Phil (00:00):
The Fernie market has shifted again.
Listings are down and prices aredropping, but homes are selling
faster than ever.
At 96% sell to list ratio.
Is this a pause or a perfecttime to act?
Stay tuned for the Fernie RealEstate Market May 2025.
Welcome to the property mindsetpodcast.

(00:22):
The home of the Fernie realestate market report.
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 of2025 and 129 listings.

(00:44):
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 forsold listings year to date.
So only 59 sold listings, yearto date as of 2025.

(01:10):
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 ofa sluggish year as of 2025.
The median price point is down11% at, 670,000.

(01:34):
year to date.
the average price is infer as ofMay, 2025.
The list price, 835,536, that'sdown 32%.
And the average sale price isalso down 2% in May, 2025, and
that's at 809,568.

(01:58):
prices are also down across theboard year to date for average
prices.
So the average list price.
in 2025 so far is just under800,000 at 799,239 down 10%, and
the average, sale price as of2025 is 760,169.

(02:22):
That's down 9% on 2024.
there's a bit of green amongstthe red, and that is a little
bit of good news for sellers.
so the sale to list ratio isactually at 96%, so that's up
5%.
So if you sold your house inMay, 2025, you've got 96%.

(02:43):
Of the listing value on average.
also good news for sellers dayson market is down to 59%.
That's down 53%.
so that's good news.
So your houses are actuallyselling quicker in May 20, 25
than they were in May 20, 24.
And the month supply ofinventory is very high of May

(03:06):
20.
25 at 7.3%.
So that would suggest that weare in a very strong buyer's
market.
That's actually down 16% on,this time last year.
this time in May, the MSI numberwas actually indicating that we
were in a buyer's market backthen.
I would say that there is muchmore inventory that's not moving

(03:29):
as quickly at the moment.
which are giving buyers a lotmore opportunity.
And, buyers have the luxurysometimes now of, taking a
little bit of time with theiroffers, making sure that, they
get what they want.
so the active inventory down,12% down on May last year.

(03:49):
so the average sale price overthe last five years, since 2021,
has actually dropped a littlebit to 9.6%.
the average sale price hasactually grown year on year
average, just over 9%.
year on year percentage increaseover the last decade.

(04:09):
it's currently at 8.41.
So if you bought a house in 2015every year, it would've,
increased in value by 8.41%.
the median, the average mediumprice is also down slightly at
8.96 and the average year onyear.
The medium year on yearpercentage increase over the

(04:30):
last decade is actually at8.15%.
So as you can see, there is alot of red again this month.
the market is, in a bit of atransitionI feel at the moment,
there's lots of opportunity forboth buyers and sellers, as
always.
as always, sellers have to bemindful of where they are

(04:50):
currently listing their home,in, comparison to fair market
value.
And buyers are getting a littlebit more opportunity, I feel, a
little bit more, product on themarket, a little bit less time
to, get rid of it.
if you would like a more indepth analysis on your property
or your buyer and you want helpwith, market analysis for the

(05:12):
buying side, then please get incontact.
As always, Phil Gad PersonalReal Estate Corporation.
my direct number is 7 7 8 7 4 50 3 4 7.
please feel free to reach out ifyou have any inquiries about the
Ferny market or please leave acomment below.
But as always, stay informed.
Stay focused, and keep buildingthat property mindset.