Balanced Market
The City of Guelph real estate market swings backwards into a balanced market 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 October of 2022, showing the continued fortitude of this market.
October Numbers
Year-over-year comparison (October 2023 vs. October 2022)
Median Sale Price | $765,000 |
|---|---|
Average Sale Price | $782,683 |
Sales Volume | $83,619,348 |
Unit Sales | 108 |
New Listings | 263 |
Expired Listings | 24 |
Unit Sales/Listings Ratio | 41.06% |
October Year-over-year Sales Volume of $83,619,348
Down 26.26% from 2022's $113,393,759, with unit sales of 108, down 28.95% from last October's 152. New listings of 263 are up 35.57% from a year ago, with the sales/listing ratio of 41.06%, down 37.29%.
Year-to-date Sales Volume of $1,186,882,917
Down 23.86% from 2022's $1,558,759,441, with unit sales of 1,465 down 16.57% from 2022's 1,756. New listings of 2,449 are down 18.85% from a year ago, with the sales/listing ratio of 59.82% up 1.64%.
Year-to-date Average Sale Price of $802,212
Down from $868,397 one year ago, with a median sale price of $768,750, down from $822,450 one year ago. Average days-on-market of 19.4 is up 2.9 days from last year.
