October 2022 Guelph Market Update

Andra Arnold • November 1, 2022

October 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 proves that this market still has a strong foundation.

OCTOBER NUMBERS

Median Sale Price $741,500 -1.19% Sales Volume $117,084,581 -19.88% Unit Sales 162 -15.18% New Listings 315 +32.91% Expired Listings 31 +287.5% Unit Sales/Listings Ratio 51.43% -29.16%

Year-over-year comparison (September 2022 vs. September 2021)

October year-over-year sales volume of $115,466,995

Down 33.07% from 2021’s $172,526,385 with unit sales of 184 down 8% from last October’s 191. New listings of 249 are up 14.22% from a year ago, with the sales/listing ratio of 73.9% down 17.85%.

Year-to-date sales volume of $1,626,716,097

Down 13.63% from 2021’s $1,883,376,246 with unit sales of 2,009 down 17.22% from 2021’s 2,427. New listings of 3,515 are up 18.35% from a year ago, with the sales/listing ratio of 57.16% down 24.56%.

Year-to-date average sale price of $813,234

Up from $774,384 one year ago with median sale price of $820,000 up from $712,950 one year ago. Average days-on-market of 18.9 is up 7 days from last year.