Balanced Market
The City of Guelph real estate market remains balanced. New listings continue to rise as unit sales remain consistently lower than this time last year. However, the year-to-date average and median sales prices are still higher than they were this time last year, which proves that this market still has a strong foundation.
October Numbers
- Median Sale Price $741,500
-1.19% - Sales Volume $117,084,581
-19.88% - Unit Sales 162
-15.18% - New Listings 315
+32.91% - Expired Listings 31
+287.5% - Unit Sales/Listings Ratio 51.43%
- 29.16%
Year-over-year comparison (September 2022 vs. September 2021)
October Year-over-year Sales Volume of $115,466,995
- Down 33.07% from 2021's $172,526,385, with unit sales of 184 down 8% from last October's 191.
- New listings of 249 are up 14.22% from a year ago, with the sales/listing ratio of 73.9% down 17.85%.
Year-to-date Sales Volume of $1,626,716,097
- Down 13.63% from 2021's $1,883,376,246, with unit sales of 2,009 down 17.22% from 2021's 2,427.
- New listings of 3,515 are up 18.35% from a year ago, with the sales/listing ratio of 57.16% down 24.56%.
Year-to-date Average Sale Price of $813,234
- Up from $774,384 one year ago, with a median sale price of $820,000 up from $712,950 one year ago. Average days-on-market of 18.9 is up 7 days from last year.
