June 2023 Guelph Housing Market Update

Andra Arnold • July 7, 2023

June 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.

June NUMBERS

Median Sale Price $819,250

+3.05%

Average Sale Price $876,654

+5.53%

Sales Volume $163,934,211

+13.42%

Unit Sales 187

+7.47%

New Listings 305

-16.89%

Expired Listings 12

No Change

Unit Sales/Listings Ratio 61.31%

+13.9%

Year-over-year comparison

(June 2023 vs. June 2022)

June year-over-year sales volume of $163,934,211

Up 13.42% from 2022’s $144,538,726 with unit sales of 187 up 7.47% from last June’s 174. New listings of 305 are down 16.89% from a year ago, with the sales/listing ratio of 61.31% up 13.9%.

Year-to-date sales volume of $804,652,194

Down 30.09% from 2022’s $1,150,944,247 with unit sales of 987 down 19.23% from 2022’s 1,222. New listings of 1,420 are down 32.06% from a year ago, with the sales/listing ratio of 69.51% up 11.04%.

Year-to-date average sale price of $804,031

Down from $937,844 one year ago with median sale price of $766,750 down from $912,625 one year ago. Average days-on-market of 18.67 is up 8.67 days from last year.