Balanced Market
The City of Guelph real estate market ends the year as a balanced market. New listings continue to rise as unit sales remain consistently lower than this time last year. The year-to-date average sales price has finally fallen lower than it was last year, which may indicate some larger changes coming in the new year.
December Numbers |
|---|
Median Sale Price: $697,500 |
Sales Volume: $52,630,294 |
Unit Sales: 100 |
New Listings: 121 |
Expired Listings: 69 |
Unit Sales/Listings Ratio: 82.64% |
December Year-over-year Sales Volume of $52,630,294
- Down 49.18% from 2021's $103,552,279, with unit sales of 100 down 13.79% from last December’s 116.
- New listings of 121 are up 21% from a year ago, with the sales/listing ratio of 82.64% down 33.36%.
Year-to-date Sales Volume of $1,762,249,466
- Down 17.97% from 2021's $2,148,178,586, with unit sales of 2,246 down 17.85% from 2021’s 2,734.
- New listings of 3,890 are up 19.4% from a year ago, with the sales/listing ratio of 57.74% down 26.18%.
Year-to-date Average Sale Price of $779,447
- Down from $790,447 one year ago, with a median sale price of $768,250 up from $727,500 one year ago. Average days-on-market of 22.08 is up 10.16 days from last year.
