January 2023 Guelph Housing Market Update

Andra Arnold • February 8, 2023

January 2023
Guelph Real Estate Market Report

Balanced Market

The City of Guelph real estate market starts 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.

JANUARY NUMBERS

Median Sale Price $730,000

-23.2%

Sales Volume $74,291,428

-54.14%

Unit Sales 136

-12.26%

New Listings 240

+10.09%

Expired Listings 19

+280%

Unit Sales/Listings Ratio 56.67%

-14.43%

Year-over-year comparison

(January 2023 vs. January 2022)

January year-over-year sales volume of $74,291,428

Down 54.14% from 2022’s $161,994,659 with unit sales of 136 down 12.26% from last January’s 155. New listings of 240 are up 10.09% from a year ago, with the sales/listing ratio of 56.67% down 14.43%.

Year-to-date sales volume of $74,291,428

Down 54.14% from 2022’s $161,994,659 with unit sales of 136 down 12.23% from 2022’s 155. New listings of 240 are up 10.09% from a year ago,

with the sales/listing ratio of 56.67% down 14.43%.

Year-to-date average sale price of $603,995

Down from $1,045,127 one year ago with median sale price of $730,000 down from $950,500 one year ago. Average days-on-market of 35 is up 26 days from last year.