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.
June Numbers
Year-over-year comparison (June 2023 vs. June 2022)
Median Sale Price | $819,250 |
|---|---|
Average Sale Price | $876,654 |
Sales Volume | $163,934,211 |
Unit Sales | 187 |
New Listings | 305 |
Expired Listings | 12 |
Unit Sales/Listings Ratio | 61.31% |
June Year-over-year Sales Volume of $163,934,211
Up 13.42% from 2022's $144,538,726, with unit sales of 187, up 7.47% from last June's 174. New listings of 305 are down 16.89% from a year ago, with the sales/listing ratio of 61.31%, up 13.9%
Year-to-date Sales Volume of $804,652,194
Down 30.09% from 2022's $1,150,944,247, with unit sales of 987 down 19.23% from 2022's 1,222. New listings of 1,420 are down 32.06% from a year ago, with the sales/listing ratio of 69.51%, up 11.04%
Year-to-date Average Sale Price of $804,031
Down from $937,844 one year ago, with a median sale price of $766,750, down from $912,625 one year ago. Average days-on-market of 18.67 is up 8.67 days from last year.
