Balanced Market
The City of Guelph real estate market remains balanced. This is caused by a significant increase in new listings this month and a drop in unit sales compared to this time last year. However, the year-to-date sales prices are still higher than they were this time last year, which proves that this market still has a strong foundation.
September 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)
September Year-over-year Sales Volume of $117,084,581
- Down 19.88% from 2021's $146,130,210, with unit sales of 162 down 15.18% from last September's 191.
- New listings of 315 are up 32.91% from a year ago, with the sales/listing ratio of 51.43% down 29.16%.
Year-to-date Sales Volume of $1,511,249,102
- Down 11.67% from 2021's $1,710,849,861, with unit sales of 1,825 down 18.05% from 2021's 2,227.
- New listings of 3,266 are up 18.68% from a year ago, with the sales/listing ratio of 55.88% down 25.04%.
Year-to-date Average Sale Price of $832,318
- Up from $764,578 one year ago, with a median sale price of $845,000 up from $710,900 one year ago. Average days-on-market of 17.78 is up 5.67 days from last year.
