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 remain higher than they were this time last year, showing some strength to this market.
March Numbers
Year-over-year comparison (March 2024 vs. March 2023)
Median Sale Price | $750,000 |
Average Sale Price | $785,132 |
Sales Volume | $130,331,851 |
Unit Sales | 166 |
New Listings | 289 |
Expired Listings | 17 |
Unit Sales/Listings Ratio | 57.44% |
March Year-over-year Sales Volume of $130,331,851
Down 6.46% from 2023's $139,338,740, with unit sales of 166 down 9.78% from last March's 184. New listings of 289 are up 16.06% from a year ago, with the sales/listing ratio of 57.44% down 16.46%.
Year-to-date Sales Volume of $317,365,243
Down 0.09% from 2023's $317,666,181, with unit sales of 403 down from 421 in 2023. New listings of 692 are up 12.52% from a year ago, with the sales/listing ratio of 58.24% down 10.22%.
Year-to-date Average Sale Price of $785,703
Up from $748,680 one year ago, with a median sale price of $750,000 up from $737,500 one year ago. Average days-on-market of 27.33 is up 5.66 days from last year.
