Balanced Market
The City of Guelph real estate market just barely dips into a balanced market as new listings this month increased and unit sales dropped compared to this time last year. We are continuing to see a consistent growth in median and average sales prices despite this, which shows sign of a strong foundation for this market.
May Numbers
- Median Sale Price: $845,000
+14.19% - Sales Volume: 173,852,441
-22% - Unit Sales: 205
-28.07% - New Listings: 456
-20.95% - Expired Listings: 28
+64.71% - Unit Sales/Listings Ratio: 44.96%
-30.64%
Year-over-year comparison (May 2022 vs. May 2021)
May Year-over-year Sales Volume of $173,852,441
- Down 22% from 2021's $222,877,467, with unit sales of 205 down 28.07% from last May's 285. New listings of 456 are up 20.95% from a year ago, with the sales/listing ratio of 44.96% down 30.64%.
Year-to-date Sales Volume of $1,058,192,834
- Up 1.75% from 2021's $1,040,028,970, with unit sales of 1,159 down 14.59% from 2021's 1,357. New listings of 1,924 are up 11.02% from a year ago, with the sales/listing ratio of 60.24% down 18.06%.
Year-to-date Average Sale Price of $936,031
- Up from $761,066 one year ago, with a median sale price of $925,000 up from $710,900 one year ago. Average days-on-market of 12.6 is up 1.8 days from last year.
