November 2022 Guelph Market Update

Andra Arnold • December 1, 2022

November 2022
Guelph Real Estate Market Report

Balanced Market

The City of Guelph real estate market remains balanced. New listings continue to rise as unit sales remain consistently lower than this time last year. However, the year-to-date average and median sales

prices are still higher than they were this time last year, which shows that this market is still good for both buyers and sellers.

NOVEMBER NUMBERS

Median Sale Price $732,950

-10.17%

Sales Volume $82,903,075

-48.59%

Unit Sales 137

-28.27%

New Listings 254

+35.11%

Expired Listings 32

+357.14%

Unit Sales/Listings Ratio 53.94%

-47.66%

Year-over-year comparison

(November 2022 vs. November 2021)

November year-over-year sales volume of $82,903,075

Down 48.59% from 2021’s $161,250,061 with unit sales of 137 down 28.27% from last November’s 191. New listings of 254 are up 35.11% from a year ago, with the sales/listing ratio of 53.94% down 47.66%.

Year-to-date sales volume of $1,709,619,172

Down 16.38% from 2021’s $2,044,626,307 with unit sales of 2,146 down 18.03% from 2021’s 2,618. New listings of 3,769 are up 19.35% from a year ago, with the sales/listing ratio of 56.94% down 25.96%.

Year-to-date average sale price of $797,728

Up from $780,734 one year ago with median sale price of $795,000 up from $715,000 one year ago. Average days-on-market of 21.36 is up 9.54 days from last year.