Balanced Market
The City of Guelph's real estate market is trending towards a seller’s market this month. The median sale price increased by 1.97%, and the average sale price rose by 4.33%. Sales volume saw a significant boost of 20.66%, with unit sales up 15.65%. New listings increased by 18.27%, while expired listings surged by 218.18%. Despite the slight drop in the unit sales/listings ratio, sellers are still benefiting from strong demand.
August Numbers
Year-over-year comparison (August 2024 vs. August 2023)
Median Sale Price | $775,000 |
|---|---|
Average Sale Price | $798,555 |
Sales Volume | 106,207,758 |
Unit Sales | 133 |
New Listings | 244 |
Expired Listings | 35 |
Unit Sales/Listings Ratio | 57.08% |
August Year-over-year Sales Volume of $106,207,758
Up 20.66% from 2023's $88,020,532, with unit sales of 133, up 15.65% from last August’s 115. New listings of 233 are up 18.27% from a year ago, with the sales/listing ratio of 57.08% down 1.29%.
Year-to-date Sales Volume of $961,078,983
Down 5.89% from 2023's $1,021,198,895, with unit sales of 1,209 down from 1,257 in 2023. New listings of 2,265 are up 20.61% from a year ago, with the sales/listing ratio of 53.38% down 13.56%.
Year-to-date Average Sale Price of $792,411
Down from $802,348 one year ago, with a median sale price of $761,750, down from $774,975 one year ago. The average days on market of 25.1 is up 6.38 days from last year.
