December 2022 Guelph Housing Market Update

Andra Arnold • January 6, 2023

December 2022
Guelph Real Estate Market Report

Balanced Market

The City of Guelph real estate market ends the year as a balanced market. New listings continue to rise as unit sales remain consistently lower than this time last year. The year-to-date average sales price has finally fallen lower than it was last year, which may indicate some larger changes coming in the new year.

December NUMBERS

Median Sale Price $697,500

-19.83%

Sales Volume $52,630,294

-49.18%

Unit Sales 100

-13.79%

New Listings 121

+21%

Expired Listings 69

+590%

Unit Sales/Listings Ratio 82.64%

-33.36%

Year-over-year comparison

(December 2022 vs. December 2021)

December year-over-year sales volume of $52,630,294

Down 49.18% from 2021’s $103,552,279 with unit sales of 100 down 13.79% from last December’s 116. New listings of 121 are up 21% from a year ago, with the sales/listing ratio of 82.64% down 33.36%.

Year-to-date sales volume of $1,762,249,466

Down 17.97% from 2021’s $2,148,178,586 with unit sales of 2,246 down 17.85% from 2021’s 2,734. New listings of 3,890 are up 19.4% from a year ago, with the sales/listing ratio of 57.74% down 26.18%.

Year-to-date average sale price of $779,447

Down from $790,447 one year ago with median sale price of $768,250 up from $727,500 one year ago. Average days-on-market of 22.08 is up 10.16 days from last year.