January 2022 Guelph Market Update

Andra Arnold • February 1, 2022

January 2022
Guelph Real Estate Market Report

Seller's Market

The City of Guelph continues to experience a very high demand for real estate. Sales volume is up by over 50% from this time last year due to the average sale price crossing the $1,000,000 mark for the first time in this markets history. Unit sales however are only up by 4%, while new listings are only up by 7%, which shows that a lack of inventory is still holding this market back.

JANUARY NUMBERS

Median Sale Price $950,500

+38.05%

Sales Volume $161,994,659

+53.5%

Unit Sales 155

+4.03%

New Listings 218

+7.39%

Expired Listings 5

+25%

Unit Sales/Listings Ratio 71.1%

-2.3%

Year-over-year comparison

(January 2022 vs. January 2021)

January year-over-year sales volume of $161,994,659

Up 53.5% from 2020’s $105,531,762 with unit sales of 155 up 4.03% from last January’s 149. New listings of 218 are up 7.39% from a year ago, with the sales/listing ratio of 71.1% down 2.3%.

Year-to-date sales volume of $161,994,659

Up 53.5% from 2020’s $105,531,762 with unit sales of 155 up 4.03% from 2020’s 149. New listings of 218 are up 7.39% from a year ago, with the sales/listing ratio of 71.1% down 2.3%.

Year-to-date average sale price of $1,045,127

Up from $709,206 one year ago with median sale price of $950,500 up from $688,500 one year ago. Average days-on-market of 9 is down 3 days from last year.