May 2022 Guelph Market Update

Andra Arnold • June 1, 2022

May 2022
Guelph Real Estate Market Report

Balanced Market

The City of Guelph real estate market just barely dips into a balanced market as new listings this month increased and unit sales dropped compared to this time last year. We are continuing to see a consistent growth in median and average sales prices despite this, which shows sign of a strong foundation for this market.

MAY NUMBERS

Median Sale Price $845,000

+14.19%

Sales Volume $173,852,441

-22%

Unit Sales 205

-28.07%

New Listings 456

+20.95%

Expired Listings 28

+64.71%

Unit Sales/Listings Ratio 44.96%

-30.64%

Year-over-year comparison

(May 2022 vs. May 2021)

May year-over-year sales volume of $173,852,441

Down 22% from 2021’s $222,877,467 with unit sales of 205 down 28.07% from last May’s 285. New listings of 456 are up 20.95% from a year ago, with the sales/listing ratio of 44.96% down 30.64%.

Year-to-date sales volume of $1,058,192,834

Up 1.75% from 2021’s $1,040,028,970 with unit sales of 1,159 down 14.59% from 2021’s 1,357. New listings of 1,924 are up 11.02% from a year ago, with the sales/listing ratio of 60.24% down 18.06%.

Year-to-date average sale price of $936,031

Up from $761,066 one year ago with median sale price of $925,000 up from $710,900 one year ago. Average days-on-market of 12.6 is up 1.8 days from last year.