Seller's Market
The City of Guelph real estate market continues to be a seller’s market this month, despite a jump in inventory slowing down the market. Although unit sales and sales volume is down from last year, the median and average sale prices have risen compared to last September.
September Numbers
Year-over-year comparison (September 2023 vs. September 2022)
Median Sale Price | $772,500 |
|---|---|
Average Sale Price | $820,647 |
Sales Volume | $82,064,674 |
Unit Sales | 100 |
New Listings | 308 |
Expired Listings | 22 |
Unit Sales/Listings Ratio | 32.47% |
September Year-over-year Sales Volume of $82,064,674
Down 24.53% from 2022’s $108,738,536, with unit sales of 100 down 28.57% from last September's 140. New listings of 308 are up 21.74% from a year ago, with the sales/listing ratio of 32.47% down 22.87%.
Year-to-date Sales Volume of $1,103,263,569
Down 23.67% from 2022’s $1,445,366,131, with unit sales of 1,357 down 15.4% from 2022's 1,604. New listings of 2,186 are down 22.59% from a year ago, with the sales/listing ratio of 62.08% up 5.28%.
Year-to-date Average Sale Price of $804,381
Down from $881,996 one year ago, with a median sale price of $772,500 down from $849,900 one year ago. Average days-on-market of 19 is up 3.78 days from last year.
