Andra Arnold & Associates are a Top Rated, Award-Winning Guelph real estate team that has a passion for helping people. We truly live by our motto “Here to Help”. Our team brings quality expertise to our clients’ buying and selling experiences. The team's dedication, eagerness to help, and experience allow clients navigate one of life’s biggest decisions!
July 2023 Guelph Housing Market Update
Andra Arnold • August 4, 2023
July 2023
Guelph Real Estate Market Report
Seller's Market
The City of Guelph real estate market continues to be a seller’s market this month, as a lack of inventory further pushes the market while keeping both unit sales and sales volumes low. Despite this, monthly sales volume and unit sales, as well as median and average sale prices were higher than they were in June of last year.
July NUMBERS
Median Sale Price $789,950
+8.96%
Average Sale Price $829,201
+7.69%
Sales Volume $128,526,169
+29.4%
Unit Sales 155
+20.16%
New Listings 261
-7.45%
Expired Listings 15
-37.5%
Unit Sales/Listings Ratio 59.39%
+13.64%
Year-over-year comparison
(July 2023 vs. July 2022)
July year-over-year sales volume of $128,526,169
Up 29.4% from 2022’s $99,327,577 with unit sales of 155 up 20.16% from last July’s 129. New listings of 261 are down 7.45% from a year ago, with the sales/listing ratio of 59.39% up 13.64%.
Year-to-date sales volume of $933,178,363
Down 25.36% from 2022’s $1,250,271,824 with unit sales of 1,142 down 15.47% from 2022’s 1,351. New listings of 1,681 are down 29.13% from a year ago, with the sales/listing ratio of 67.94% up 10.98%.
Year-to-date average sale price of $807,627
Down from $913,864 one year ago with median sale price of $789,950 down from $911,500 one year ago. Average days-on-market of 18.71 is up 7.28 days from last year.
Contact Us
Meet the Andra Arnold Team
Check Out Our Featured Listings
More blog posts on buying and selling real estate
March 2025 Guelph Real Estate Market Report
February 2025 Guelph Real Estate Market Report
January 2025 Guelph Real Estate Market Report
December 2024 Guelph Real Estate Market Report
Learn how Guelph promotes eco-friendly living through waste reduction, biodiversity, and sustainable transport. Join a community committed to a greener future!
Explore Guelph’s vibrant art scene! Visit top galleries, unique museums, and exciting cultural events like the Fair November Craft Show. Discover the city's creative spirit.
