Balanced Market
The City of Guelph's real estate market switched back to a balanced market this past month, as the median sale price rose slightly, while the average sale price saw a modest increase of 2.29%. Sales volume jumped by 35.05%, with unit sales up 29.63%. New listings grew by 15.21%, and expired listings increased by 54.17%. The unit sales-to-listings ratio improved by 5.14%, showing heightened buyer interest in a competitive market.
October NumbersYear-over-year comparison (October 2024 vs. October 2023) |
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Median Sale Price: $770,000 |
Average Sale Price: $800,600 |
Sales Volume: $112,928,405 |
Unit Sales: 140 |
New Listings: 303 |
Expired Listings: 37 |
Unit Sales/Listings Ratio: 46.2% |
October Year-over-year Sales Volume of $112,928,405
- Up 35.05% from 2023's $83,619,348, with unit sales of 140, up 29.63% from last October's 108.
- New listings of 303 are up 15.21% from a year ago, with the sales/listing ratio of 46.2% up 5.14%.
Year-to-date Sales Volume of $1,177,061,288
- Down 0.83% from 2023's $1,186,882,917, with unit sales of 1,476 up from 1,465 in 2023.
- New listings of 2,898 are up 18.33% from a year ago, with the sales/listing ratio of 50.93% down 8.89%.
Year-to-date Average Sale Price of $795,134
- Down from $802,212 one year ago, with a median sale price of $771,750, up from $768,750 one year ago. Average days-on-market of 26.2 is up 6.8 days from last year.
