Balanced Market
The City of Guelph real estate market continues the year as a balanced market. Both new listings and unit sales drop lower than this time last year. The year-to-date average and median sales prices continue to dip lower than they were this time last year, which may show signs of larger changes coming to this market in the near future.
February Numbers
Year-over-year comparison (February 2023 vs. February 2022)
Median Sale Price | $740,000 |
|---|---|
Average Sale Price | $676,311 |
Sales Volume | 104,151,823 |
Unit Sales | 160 |
New Listings | 272 |
Expired Listings | 28 |
Unit Sales/Listings Ratio | 58.82% |
February Year-over-year Sales Volume of $104,151,823
- Down 57.98% from 2022's $247,867,611, with unit sales of 160 down 40.74% from last February's 270.
- New listings of 272 are down 20.93% from a year ago, with the sales/listing ratio of 58.82% down 19.66%.
Year-to-date Sales Volume of $178,443,251
- Down 56.46% from 2022's $409,862,270, with unit sales of 296, down 30.35% from 2022's 425.
- New listings of 512 are down 8.9% from a year ago, with the sales/listing ratio of 57.81% down 17.81%.
Year-to-date Average Sale Price of $640,153
- Down from $997,406 one year ago, with median sale price of $735,000 down from $934,250 one year ago. Average days on market of 30.5 is up 18 days from last year.
