Balanced Market
The City of Guelph real estate market continues to be a balanced market despite both unit sales and sales volume being lower than they were this time last year. Both average and median sale prices dropped in comparison to last year; however, the significant increase in new listings and the jump in expired listings reflect a shift in market dynamics. Despite these changes, the market still shows signs of stability.
April Numbers
Year-over-year comparison (April 2024 vs. April 2023)
- Median Sale Price: $773,500
-2.7% - Average Sale Price: $803,187
-2.51% - Sales Volume: $134,935,337
-7.98% - Unit Sales: 168
-5.62% - New Listings: 313
+41.63% - Expired Listings: 11
+83.33% - Unit Sales/Lists Ratio: 53.67%
-26.87%
April Year-over-year Sales Volume of $134,935,337
- Down 7.98% from 2023's $146,642,552, with unit sales of 168, down 5.62% from last April's 178. New listings of 313 are up 41.63% from a year ago, with the sales/listing ratio of 53.67% down 26.87%.
Year-to-date Sales Volume of $452,300,580
- Down 2.59% from 2023's $464,008,733, with unit sales of 571 down from 599 in 2023.
- New listings of 1,005 are up 20.22% from a year ago, with the sales/listing ratio of 56.82% down 14.83%.
Year-to-date Average Sale Price of $790,074
- Up from $767,469 one year ago, with a median sale price of $761,750 up from $738,000 one year ago. Average days on market of 25.75 is up 5.5 days from last year.
