May 2023 Guelph Housing Market Update

Andra Arnold • June 9, 2023

May 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 pushes the market while keeping both unit sales and sales volumes low. Despite this, the average sales prices continue to rise consistently.

April NUMBERS

Median Sale Price $839,000

-1.28%

Average Sale Price $877,658

-2.36%

Sales Volume $176,409,250

+2.75%

Unit Sales 201

+5.24%

New Listings 279

-31.78%

Expired Listings 8

No Change

Unit Sales/Listings Ratio 72.04%

+25.34%

Year-over-year comparison

(May 2023 vs. May 2022)

May year-over-year sales volume of $176,409,250

Up 2.75% from 2022’s $171,686,287 with unit sales of 201 up 5.24% from last May’s 191. New listings of 279 are down 31.78% from a year ago, with the sales/listing ratio of 72.04% up 25.34%.

Year-to-date sales volume of $640,717,983

Down 36.34% from 2022’s $1,006,405,521 with unit sales of 800 down 23.66% from 2022’s 1,048. New listings of 1,115 are down 35.29% from a year ago, with the sales/listing ratio of 71.75% up 10.92%.

Year-to-date average sale price of $789,507

Down from $959,277 one year ago with median sale price of $738,500 down from $913,750 one year ago. Average days-on-market of 19.6 is up 10.8 days from last year.