Balanced Market
The City of Guelph real estate market remains balanced due to a drop in unit sales and sales volume, paired with an increase of inventory. Average and median sales prices remain higher than they were in November of 2022, showing the continued fortitude of this market.
November Numbers
Year-over-year comparison (November 2023 vs. November 2022)
Median Sale Price | $735,000 |
|---|---|
Average Sale Price | $767,650 |
Sales Volume | $75,229,746 |
Unit Sales | 98 |
New Listings | 203 |
Expired Listings | 22 |
Unit Sales/Listings Ratio | 42.28% |
November Year-over-year Sales Volume of $75,229,746
Down 5.43% from 2022's $79,550,744, with unit sales of 98, down 9.26% from last November’s 108. New listings of 203 are up 18.02% from a year ago, with the sales/listing ratio of 48.28% down 14.51%.
Year-to-date Sales Volume of $1,262,112,663
Down 22.96% from 2022's $1,638,310,185, with unit sales of 1,563 down 16.15% from 2022’s 1,864. New listings of 2,652 are down 16.87% from a year ago, with the sales/listing ratio of 58.94% up 0.5%.
Year-to-date Average Sale Price of $799,070
Down from $856,414 one year ago, with a median sale price of $765,000, down from $795,000 one year ago. Average days-on-market of 20.18 is up 2.45 days from last year.
