July 2022 Guelph Market Update

Andra Arnold • August 1, 2022

July 2022
Guelph Real Estate Market Report

Balanced Market

The City of Guelph real estate market remains balanced. This is caused by a significant increase in new listings this month and a drop in unit sales compared to this time last year. However, there is still consistent growth in median and average sale prices despite this, which shows sign of a strong foundation for this market.

JULY NUMBERS

Median Sale Price $722,550

+5.4%

Sales Volume $102,831,355

-60.43%

Unit Sales 154

-27.36%

New Listings 327

+38.56%

Expired Listings 34

+88.89%

Unit Sales/Listings Ratio 47.09%

-42.74%

Year-over-year comparison

(July 2022 vs. July 2021)

July year-over-year sales volume of $102,831,355

Down 60.43% from 2021’s $170,178,232 with unit sales of 154 down 27.36% from last July’s 212. New listings of 327 are up 38.56% from a year ago, with the sales/listing ratio of 47.09% down 42.74%.

Year-to-date sales volume of $1,307,835,695

Down 8.39% from 2021’s $1,427,586,797 with unit sales of 1,520 down 18.32% from 2021’s 1,861. New listings of 2,694 are up 16.52% from a year ago, with the sales/listing ratio of 56.42% down 24.07%.

Year-to-date average sale price of $871,529

Up from $761,787 one year ago with median sale price of $918,000 up from $701,000 one year ago. Average days-on-market of 14.57 is up 3.14 days from last year.