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July 2022 Guelph Market Update
Andra Arnold • Aug 01, 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.
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