Balanced Market
The City of Guelph real estate market continues to be a balanced market despite both unit sales and sales volume being lower than they were this time last year. Both average and median sale prices dropped in comparison to last year, however, the significant increase in new listings reflects a shift in market dynamics. Despite these changes, the market still shows signs of stability.
July Numbers
Year-over-year comparison (July 2024 vs. July 2023)
Median Sale Price | $741,000 |
|---|---|
Average Sale Price | $753,760 |
Sales Volume | $102,511,332 |
Unit Sales | 136 |
New Listings | 314 |
Expired Listings | 16 |
Unit Sales/Listings Ratio | 43.31% |
July Year-over-year Sales Volume of $102,511,332
Down 20.24% from 2023's $128,526,169, with unit sales of 136, down 12.26% from last July's 155. New listings of 314 are up 20.31% from a year ago, with the sales/listing ratio of 43.31% down 16.07%.
Year-to-date Sales Volume of $854,871,225
Down 8.39% from 2023's $933,178,363, with unit sales of 1,076 down from 1,142 in 2023. New listings of 2,032 are up 20.88% from a year ago, with the sales/listing ratio of 52.95% down 14.98%.
Year-to-date Average Sale Price of $791,533
Down from $807,627 one year ago, with a median sale price of $750,000 down from $789,950 one year ago. Average days-on-market of 24.6 is up 5.9 days from last year.
