Balanced Market
The City of Guelph real estate market starts 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.
January Numbers
Year-over-year comparison (January 2023 vs. January 2022)
Median Sale Price | $730,000 |
|---|---|
Sales Volume | $74,291,428 |
Unit Sales | 136 |
New Listings | 240 |
Expired Listings | 19 |
Unit Sales/Listings Ratio | 56.67% |
January Year-over-year Sales Volume of $74,291,428
Down 54.14% from 2022's $161,994,659, with unit sales of 136 down 12.26% from last January's 155. New listings of 240 are up 10.09% from a year ago, with the sales/listing ratio of 56.67% down 14.43%.
Year-to-date Sales Volume of $74,291,428
Down 54.14% from 2022's $161,994,659, with unit sales of 136, down 12.23% from 2022's 155. New listings of 240 are up 10.09% from a year ago,
with the sales/listing ratio of 56.67%, down 14.43%.
Year-to-date Average Sale Price of $603,995
Down from $1,045,127 one year ago, with a median sale price of $730,000 down from $950,500 one year ago. Average days-on-market of 35 is up 26 days from last year.
