August 2023 Guelph Housing Market Update

Andra Arnold • September 11, 2023

August 2023
Guelph Real Estate Market Report

Seller's Market

The City of Guelph real estate market continues to be a seller’s market this month, as a lack of inventory further pushes the market. Despite the lack of inventory, monthly sales volume and unit sales, as well as median and average sale prices were higher than they were in August of last year.

August NUMBERS

Median Sale Price $760,000

+4.83%

Average Sale Price $795,396

-0.16%

Sales Volume $88,020,532

+1.93%

Unit Sales 115

+1.77%

New Listings 197

-1.01%

Expired Listings 11

-68.57%

Unit Sales/Listings Ratio 58.38%

+1.59%

Year-over-year comparison

(August 2023 vs. August 2022)

August year-over-year sales volume of $88,020,532

Up 1.93% from 2022’s $86,355,771 with unit sales of 115 up 1.77% from last August’s 113. New listings of 197 are down 1.01% from a year ago, with the sales/listing ratio of 58.38% up 1.59%.

Year-to-date sales volume of $1,021,198,895

Down 23.6% from 2022’s $1,336,627,595 with unit sales of 1,257 down 14.14% from 2022’s 1,464. New listings of 1,878 are down 26.95% from a year ago, with the sales/listing ratio of 66.93% up 9.99%.

Year-to-date average sale price of $802,348

Down from $895,157 one year ago with median sale price of $774,975 down from $880,700 one year ago. Average days-on-market of 18.75 is up 5.25 days from last year.