March 2023 Guelph Housing Market Update

Andra Arnold • April 10, 2023

March 2023
Guelph Real Estate Market Report

Balanced Market

The City of Guelph real estate market continues the year as a balanced market. Both new listings and unit sales drop lower than this time last year. The year-to-date average and median sales prices continue to dip lower than they were this time last year, but have stayed relatively consistent since August of 2022.

MARCH NUMBERS

Median Sale Price $735,000

-20.54%

Average Sale Price $669,199

-26.61%

Sales Volume $145,885,314

-45.02%

Unit Sales 226

-23.65%

New Listings 342

-21.2%

Expired Listings 15

-6.25%

Unit Sales/Listings Ratio 66.08%

-2.12%

Year-over-year comparison

(March 2023 vs. March 2022)

March year-over-year sales volume of $145,885,314

Down 45.02% from 2022’s $675,209,006 with unit sales of 226 down 23.65% from last March’s 296. New listings of 342 are down 21.2% from a year ago, with the sales/listing ratio of 66.08% down 2.12%.

Year-to-date sales volume of $324,328,656

Down 51.97% from 2022’s $675,209,006 with unit sales of 552 down 27.6% from 2022’s 721. New listings of 834 are down 14.26% from a year ago, with the sales/listing ratio of 61.12% down 11.27%.

Year-to-date average sale price of $649,835

Down from $968,885 one year ago with median sale priceof $735,000 down from $925,000 one year ago. Average days-on-market of 27.67 is up 15.34 days from last year.