Seller's Market
The City of Guelph real estate market continues to be a seller’s market this month, as a lack of inventory further pushes the market while keeping both unit sales and sales volumes low. Despite this, monthly sales volume and unit sales, as well as median and average sale prices were higher than they were in June of last year.
July Numbers
Year-over-year comparison (July 2023 vs. July 2022)
Median Sale Price | $789,950 |
|---|---|
Average Sale Price | $829,201 |
Sales Volume | $128,526,169 |
Unit Sales | 155 |
New Listings | 261 |
Expired Listings | 15 |
Unit Sales/Listings Ratio | 59.39% |
July Year-over-Year Sales Volume of $128,526,169
Up 29.4% from 2022’s $99,327,577, with unit sales of 155 up 20.16% from last July's 129. New listings of 261 are down 7.45% from a year ago, with the sales/listing ratio of 59.39% up 13.64%.
Year-to-date Sales Volume of $933,178,363
Down 25.36% from 2022’s $1,250,711,824, with unit sales of 1,142 down 15.47% from 2022's 1,351. New listings of 1,681 are down 29.13% from a year ago, with the sales/listing ratio of 67.94% up 10.98%.
Year-to-date Average Sale Price of $807,627
Down from $913,864 one year ago, with a median sale price of $789,950 down from $911,500 one year ago. Average days-on-market of 18.71 is up 7.28 days from last year.
