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 high and do not show any signs of going down.
February Numbers
Year-over-year comparison (February 2022 vs. February 2021)
Median Sale Price | $918,000 |
|---|---|
Sales Volume | $247,867,611 |
Unit Sales | 270 |
New Listings | 344 |
Expired Listings | 22 |
Unit Sales/Listings Ratio | 78.48% |
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 a 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.
