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
Year-over-year comparison (August 2023 vs. August 2022)
Median Sale Price | $760,000 |
|---|---|
Average Sale Price | $795,396 |
Sales Volume | $88,020,532 |
Unit Sales | 115 |
New Listings | 197 |
Expired Listings | 11 |
Unit Sales/Listings Ratio | 58.38% |
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 a 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.
