Balanced Market
The City of Guelph real estate market remains balanced. This is caused by a significant increase in new listings this month and a drop in unit sales compared to this time last year. However, there is still consistent growth in median and average sale prices despite this, which shows signs of a strong foundation for this market.
July Numbers
Year-over-year comparison (July 2022 vs. July 2021)
Median Sale Price | $722,550 |
Sales Volume | $102,831,355 |
Unit Sales | 154 |
New Listings | 327 |
Expired Listings | 34 |
Unit Sales/Listings Ratio | 47.09% |
July Year-over-year Sales Volume of $102,831,355
Down 60.43% from 2021's $170,178,232, with unit sales of 154 down 27.36% from last July's 212. New listings of 327 are up 38.56% from a year ago, with the sales/listing ratio of 47.09% down 42.74%
Year-to-date Sales Volume of $1,307,835,695
Down 8.39% from 2021's $1,427,586,797, with unit sales of 1,520 down 18.32% from 2021's 1,861. New listings of 2,694 are up 16.52% from a year ago, with the sales/listing ratio of 56.42% down 24.07%
Year-to-date Average Sale Price of $871,529
Up from $761,787 one year ago, with a median sale price of $918,000 up from $701,000 one year ago. Average days-on-market of 14.57 is up 3.14 days from last year.
