Buyer's Market
The City of Guelph's real estate market was a buyer's market this past month, as the median sale price increased by 1.42%, even though the average sale price dipped slightly by -1.12%. Sales volume saw a notable rise of 25.58%, with unit sales up by 27%. New listings increased by 7.14%, while expired listings rose by 13.64%. The unit sales/listings ratio improved by 6.02%, reflecting growing buyer activity in a competitive market.
September Numbers
- Median Sale Price: $783,500
+1.42 - Average Sale Price: $811,446
-1.12% - Sales Volume: 103,053,900
+25.58% - Unit Sales: 127
+27% - New Listings: 330
+7.14% - Expired Listings: 25
+13.64% - Unit Sales/Listings Ratio: 38.48%
+6.02%
Year-over-year comparison (September 2024 vs. September 2023)
September Year-over-year Sales Volume of $103,053,900
- Up 25.58% from 2023's $82,064,674, with unit sales of 127, up 27% from last September's 100.
- New listings of 330 are up 7.14% from a year ago, with the sales/listing ratio of 38.48% up 6.02%.
Year-to-date Sales Volume of $1,064,132,883
- Down 3.55% from 2023's $1,103,263,569, with unit sales of 1,336 down from 1,357 in 2023.
- New listings of 2,595 are up 18.71% from a year ago, with the sales/listing ratio of 51.48% down 10.59%.
Year-to-date Average Sale Price of $794,526
- Down from $804,381 one year ago, with a median sale price of $773,500, up from $772,500 one year ago.
- Average days on market of 25.9 is up 6.89 days from last year.
