Seller's Market
The City of Guelph’s real estate market remained active in December, showing strong growth across multiple metrics. The median sale price rose by 3.29% to $754,000, while the average sale price increased by 2.81% to $766,598. Sales volume saw a significant surge of 69.73%, driven by a 65.08% jump in unit sales to 104. New listings were up by 39.13%, and expired listings increased slightly by 7.84%. With the unit sales-to-listings ratio rising to 108.33%, the Guelph market continues to favour sellers.
December Numbers
Median Sale Price | $754,000 |
|---|---|
Average Sale Price | $766,598 |
Sales Volume | $79,726,200 |
Unit Sales | 104 |
New Listings | 96 |
Expired Listings | 55 |
Unit Sales/Listings Ratio | 108.33% |
Year-over-year comparison (December 2024 vs. December 2023)
December Year-over-year Sales Volume of $79,726,200
- Up 69.73% from 2023’s $46,973,399, with unit sales of 104, up 65.08% from last December’s 63.
- New listings of 96 are up 39.13% from a year ago, with the sales/listing ratio of 108.33% up 17.03%.
Year-to-date Sales Volume of $1,372,222,386
- Up 4.82% from 2023’s $1,309,086,062, with unit sales of 1,726 up from 1,626 in 2023.
- New listings of 3,189 are up 17.2% from a year ago, with the sales/listing ratio of 54.12% down 5.63%.
Year-to-date Average Sale Price of $792,382
- Down from $794,615 one year ago, with a median sale price of $762,750, up from $762,500 one year ago.
- Average days-on-market of 27.4 is up 5.9 days from last year.
