Seller's Market
The City of Guelph continues to experience a very high demand for real estate. Sales volume is up by over 50% from this time last year due to the average sale price crossing the $1,000,000 mark for the first time in this market's history. Unit sales however are only up by 4%, while new listings are only up by 7%, which shows that a lack of inventory is still holding this market back.
January Numbers
Year-over-year comparison (January 2022 vs. January 2021)
Median Sale Price | $950,500 |
|---|---|
Sales Volume | $161,994,659 |
Unit Sales | 155 |
New Listings | 218 |
Expired Listings | 5 |
Unit Sales/Listings Ratio | 71.1% |
January Year-over-year Sales Volume of $161,994,659
- Up 53.5% from 2020's $105,531,762, with unit sales of 155 up 4.03% from last January's 149.
- New listings of 218 are up 7.39% from a year ago, with the sales/listing ratio of 71.1% down 2.3%.
Year-to-date Sales Volume of $161,994,659
- Up 53.5% from 2020's $105,531,762, with unit sales of 155 up 4.03% from 2020's 149.
- New listings of 218 are up 7.39% from a year ago, with the sales/listing ratio of 71.1% down 2.3%.
Year-to-date Average Sale Price of $1,045,127
- Up from $709,206 one year ago, with a median sale price of $950,500 up from $688,500 one year ago. Average days-on-market of 9 is down 3 days from last year.
