August 2022 Guelph Market Update

Andra Arnold • September 1, 2022

August 2022
Guelph Real Estate Market Report

Balanced Market

The City of Guelph real estate market remains balanced. This is caused by a significant increase in new listings this month and a drop in unit sales compared to this time last year. However, there is still consistent growth in median and average sale prices despite this, which shows sign of a strong market for both buyers and sellers.

AUGUST NUMBERS

Median Sale Price $730,000 -1.35%

Sales Volume $86,328,826 -37.05%

Unit Sales 143 -18.29%

New Listings 257 +26.6

Expired Listings 45 +350%

Unit Sales/Listings Ratio 55.64% -30.56%

Year-over-year comparison (August 2022 vs. August 2021)

August year-over-year sales volume of $86,328,826

Down 37.05% from 2021’s $137,132,854 with unit sales of 143 down 18.29% from last August’s 175. New listings of 257 are up 26.6% from a year ago, with the sales/listing ratio of 55.64% down 30.56%.

Year-to-date sales volume of $1,394,164,521

Down 10.9% from 2021’s $1,564,719,651 with unit sales of 1,663 down 18.32% from 2021’s 2,036. New listings of 2,951 are up 17.34% from a year ago, with the sales/listing ratio of 56.35% down 24.6%.

Year-to-date average sale price of $841,935

Up from $764,516 one year ago with median sale price of $881,500 up from $705,950 one year ago. Average days-on-market of 16.38 is up 4.5 days from last year.