April 2023 Guelph Housing Market Update

Andra Arnold • May 8, 2023

April 2023
Guelph Real Estate Market Report

Seller's Market

The City of Guelph real estate market shifts into a seller’s market this month. A lack of inventory is pushing the market while keeping both unit sales and sales volumes low. Despite this, the average sales prices are still rising compared to the previous months this year.

April NUMBERS

Median Sale Price $795,000

-13%

Average Sale Price $823,835

-16.8%

Sales Volume $146,642,552

-28.11%

Unit Sales 178

-13.59%

New Listings 221

-47.13%

Expired Listings 6

+200%

Unit Sales/Listings Ratio 80.54%

+31.26%

Year-over-year comparison

(April 2023 vs. April 2022)

April year-over-year sales volume of $146,642,552

Down 28.11% from 2022’s $203,987,287 with unit sales of 187 down 13.59% from last April’s 206. New listings of 221 are down 47.13% from a year ago, with the sales/listing ratio of 80.54% up 31.26%.

Year-to-date sales volume of $464,308,733

Down 44.38% from 2022’s $834,719,234 with unit sales of 599 down 30.11% from 2022’s 857. New listings of 836 are down 36.38% from a year ago, with the sales/listing ratio of 71.65% up 6.43%.

Year-to-date average sale price of $767,469

Down from $974,376 one year ago with median sale price of $738,000 down from $919,375 one year ago. Average days-on-market of 20.25 is up 12.25 days from last year.