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.