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June 2022 Guelph Market Update
Andra Arnold • July 1, 2022
June 2022
Guelph Real Estate Market Report
Balanced Market
The City of Guelph real estate market remains in a balanced market after dipping last month. This is caused by the increase in new listings this month and drop in unit sales compared to this time last year. There is consistent growth in median and average sales prices despite this, which shows sign of a strong foundation for this market.
AUGUST NUMBERS
Median Sale Price $795,000
+13.73%
Sales Volume $146,811,506
-32.46%
Unit Sales 207
-29.11%
New Listings 443
+29.15%
Expired Listings 27
+125%
Unit Sales/Listings Ratio 46.73%
-38.4%
Year-over-year comparison
(June 2022 vs. June 2021)
June year-over-year sales volume of $146,811,506
Down 32.46% from 2021’s $217,379,595 with unit sales of 207 down 29.11% from last June’s 292. New listings of 443 are up 29.15% from a year ago, with the sales/listing ratio of 46.73% down 38.4%.
Year-to-date sales volume of $1,205,004,340
Down 4.17% from 2021’s $1,257,408,565 with unit sales of 1,366 down 17.16% from 2021’s 1,649. New listings of 2,367 are up 14.02% from a year ago, with the sales/listing ratio of 57.71% down 21.72%.
Year-to-date average sale price of $901,761
Up from $764,676 one year ago with median sale price of $921,500 up from $705,950 one year ago. Average days-on-market of 13.33 is up 2.16 days from last year.
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