November 2023 Guelph Housing Market Update

Andra Arnold • December 7, 2023

November 2023
Guelph Real Estate Market Report

Balanced Market

The City of Guelph real estate market remains balanced due to a drop in unit sales and sales volume, paired with an increase of inventory. Average and median sales prices remain higher than they were in November of 2022, showing the continued fortitude of this market.

November NUMBERS

Median Sale Price $735,000

+0.28%

Average Sale Price $767,650

+4.22%

Sales Volume $75,229,746

-5.43%

Unit Sales 98

-9.26%

New Listings 203

+18.02%

Expired Listings 22

+22.22

Unit Sales/Listings Ratio 48.28%

-14.51%

Year-over-year comparison

(November 2023 vs. November 2022)

November year-over-year sales volume of $75,229,746

Down 5.43% from 2022’s $79,550,744 with unit sales of 98 down 9.26% from last November’s 108. New listings of 203 are up 18.02% from a year ago, with the sales/listing ratio of 48.28% down 14.51%.

Year-to-date sales volume of $1,262,112,663

Down 22.96% from 2022’s $1,638,310,185 with unit sales of 1,563 down 16.15% from 2022’s 1,864. New listings of 2,652 are down 16.87% from a year ago, with the sales/listing ratio of 58.94% up 0.5%.

Year-to-date average sale price of $799,070

Down from $856,414 one year ago with median sale price of $765,000 down from $795,000 one year ago. Average days-on-market of 20.18 is up 2.45 days from last year.