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
Year-over-year comparison (June 2022 vs. June 2021)
Median Sale Price | $795,000 |
|---|---|
Sales Volume | $146,811,506 |
Unit Sales | 207 |
New Listings | 443 |
Expired Listings | 27 |
Unit Sales/Listings Ratio | 46.73% |
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 a 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.
