Over the past five years, the Peterborough real estate market has gone through one of its most dramatic cycles in decades. From record-breaking gains during the pandemic to a correction as interest rates climbed, we’ve now entered a period of stability.

Here’s a look at how the average sale price in Peterborough has shifted year-over-year:

• 2020 → 2021: $481,615 → $622,985 (+29.3%)

• 2021 → 2022: $622,985 → $686,331 (+10.2%)

• 2022 → 2023: $686,331 → $624,160 (-9.1%)

• 2023 → 2024: $624,160 → $615,285 (-1.4%)

• 2024 → 2025 (to date): $615,285 → $614,439 (-0.1%)

What the Numbers Tell Us

• 2020–2022: The Pandemic Boom
  During this period, Peterborough home prices surged by more than 40%. Remote work, low interest rates, and migration from larger urban centers all fueled the demand.

• 2022–2023: The Market Correction
  As interest rates rose, affordability was impacted. The market corrected with prices dropping just over 9% in a single year.

• 2023–2025: Stability Returns
  The past two years have shown minimal change. This signals balance returning to the Peterborough and Kawarthas real estate market, which is welcome news for both buyers and sellers.

What This Means for Buyers and Sellers

• For Buyers:
  The days of double-digit price jumps are behind us. Stability means you can shop with more confidence, without the fear of being priced out week to week.

• For Sellers:
  While the rapid bidding wars of 2021 aren’t the norm anymore, a balanced market provides more predictable outcomes. Pricing your home strategically is key to attracting the right buyers.

Final Thoughts

The Peterborough real estate market in 2025 is best described as balanced. After years of volatility, both buyers and sellers now benefit from more predictability.

Staying informed with accurate data is the best way to make confident real estate decisions — and that’s where I come in.

If you’d like a detailed breakdown of how your specific neighborhood or property type is performing, I’d be happy to share more insights.