March 2022 Guelph Market Update

Andra Arnold • April 1, 2022

March 2022
Guelph Real Estate Market Report

Seller's Market

The City of Guelph is seeing balance creep into the real estate market, as days on market increase slightly. However, there is still plenty of demand as average and median sales prices have continued to rise.

MARCH NUMBERS

Median Sale Price $925,000

+29.37%

Sales Volume $265,346,736

-8.51%

Unit Sales 296

-19.78%

New Listings 434

-1.59%

Expired Listings 16

+433.33%

Unit Sales/Listings Ratio 68.2%

-15.47%

Year-over-year comparison

(March 2022 vs. March 2021)

March year-over-year sales volume of $265,346,736

Down 8.51% from 2021’s $290,043,949 with unit sales of 296 down 19.78% from last March’s 369. New listings of 434 are down 1.59% from a year ago, with the sales/listing ratio of 68.2% down 15.47%.

Year-to-date sales volume of $675,209,006

Up 16.15% from 2021’s $581,344,928 with unit sales of 721 down 6.36% from 2021’s 770. New listings of 996 are up 3.21% from a year ago, with the sales/listing ratio of 72.39% down 7.4%.

Year-to-date average sale price of $968,885

Up from $744,210 one year ago with median sale price of $925,000 up from $701,000 one year ago. Average days-on-market of 12.33 is up 1.66 days from last year.