February 2023 Guelph Housing Market Update

Andra Arnold • March 6, 2023

February 2023
Guelph Real Estate Market Report

Balanced Market

The City of Guelph real estate market continues the year as a balanced market. Both new listings and unit sales drop lower than this time last year. The year-to-date average and median sales prices continue to dip lower than they were this time last year, which may show sign of larger changes coming to this market in the near future.

FEBRUARY NUMBERS

Median Sale Price $740,000

-19.39%

Average Sale Price $676,311

-28.79%

Sales Volume $104,151,823

-57.98%

Unit Sales 160

-40.74%

New Listings 272

-20.93%

Expired Listings 28

+27.27%

Unit Sales/Listings Ratio 58.82%

-19.66%

Year-over-year comparison

(February 2023 vs. February 2022)

February year-over-year sales volume of $104,151,823

Down 57.98% from 2022’s $247,867,611 with unit sales of 160 down 40.74% from last February’s 270. New listings of 272 are down 20.93% from a year ago, with the sales/listing ratio of 58.82% down 19.66%.

Year-to-date sales volume of $178,443,251

Down 56.46% from 2022’s $409,862,270 with unit sales of 296 down 30.35% from 2022’s 425. New listings of 512 are down 8.9% from a year ago, with the sales/listing ratio of 57.81% down 17.81%.

Year-to-date average sale price of $640,153

Down from $997,406 one year ago with median sale price of $735,000 down from $934,250 one year ago. Average days-on-market of 30.5 is up 18 days from last year.