February 2022 Guelph Market Update

Andra Arnold • March 1, 2022

February 2022
Guelph Real Estate Market Report

Seller's Market

The City of Guelph real estate market is starting to see a small dip in demand, as expired listings and average days-on-market rise. This can be explained by a slight rise in inventory, and international events putting stress on all markets. Despite this, average and median sales prices remain remain high and do not show any signs of going down.

FEBRUARY NUMBERS

Median Sale Price $918,000

+30.96%

Sales Volume $247,867,611

+33.43%

Unit Sales 270

+7.14%

New Listings 344

+7.17%

Expired Listings 22

+175%

Unit Sales/Listings Ratio 78.48%

-0.02%

Year-over-year comparison

(February 2022 vs. February 2021)

February year-over-year sales volume of $247,867,611

Up 33.43% from 2021’s $185,769,217 with unit sales of 270 up 7.14% from last February’s 252. New listings of 344 are up 7.17% from a year ago, with the sales/listing ratio of 78.49% down 0.02%.

Year-to-date sales volume of $409,862,270

Up 40.7% from 2021’s $291,300,979 with unit sales of 425 up 5.99% from 2021’s 401. New listings of 562 are up 7.25% from a year ago, with the sales/listing ratio of 75.62% down 0.9%.

Year-to-date average sale price of $997,406

Up from $790,064 one year ago with median sale price of $934,250 up from $694,750 one year ago. Average days-on-market of 12.5 is up 1.5 days from last year.