September 2022 Guelph Market Update

Andra Arnold • October 1, 2022

September 2022
Guelph Real Estate Market Report

Balanced Market

The City of Guelph real estate market remains balanced. This is caused by a significant increase in new listings this month and a drop in unit sales compared to this time last year. However, the year-todate sales prices are still higher than they were this time last year, which proves that this market still has a strong foundation.

SEPTEMBER 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)

September year-over-year sales volume of $117,084,581

Down 19.88% from 2021’s $146,130,210 with unit sales of 162 down 15.18% from last September’s 191. New listings of 315 are up 32.91% from a year ago, with the sales/listing ratio of 51.43% down 29.16%.

Year-to-date sales volume of $1,511,249,102

Down 11.67% from 2021’s $1,710,849,861 with unit sales of 1,825 down 18.05% from 2021’s 2,227. New listings of 3,266 are up 18.68% from a year ago, with the sales/listing ratio of 55.88% down 25.04%.

Year-to-date average sale price of $832,318

Up from $764,578 one year ago with median sale price of $845,000 up from $710,900 one year ago. Average days-on-market of 17.78 is up 5.67 days from last year.