Andra Arnold & Associates are a Top Rated, Award-Winning Guelph real estate team that has a passion for helping people. We truly live by our motto “Here to Help”. Our team brings quality expertise to our clients’ buying and selling experiences. The team's dedication, eagerness to help, and experience allow clients navigate one of life’s biggest decisions!
August 2023 Guelph Housing Market Update
Andra Arnold • September 11, 2023
August 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 further pushes the market. Despite the lack of inventory, monthly sales volume and unit sales, as well as median and average sale prices were higher than they were in August of last year.
August NUMBERS
Median Sale Price $760,000
+4.83%
Average Sale Price $795,396
-0.16%
Sales Volume $88,020,532
+1.93%
Unit Sales 115
+1.77%
New Listings 197
-1.01%
Expired Listings 11
-68.57%
Unit Sales/Listings Ratio 58.38%
+1.59%
Year-over-year comparison
(August 2023 vs. August 2022)
August year-over-year sales volume of $88,020,532
Up 1.93% from 2022’s $86,355,771 with unit sales of 115 up 1.77% from last August’s 113. New listings of 197 are down 1.01% from a year ago, with the sales/listing ratio of 58.38% up 1.59%.
Year-to-date sales volume of $1,021,198,895
Down 23.6% from 2022’s $1,336,627,595 with unit sales of 1,257 down 14.14% from 2022’s 1,464. New listings of 1,878 are down 26.95% from a year ago, with the sales/listing ratio of 66.93% up 9.99%.
Year-to-date average sale price of $802,348
Down from $895,157 one year ago with median sale price of $774,975 down from $880,700 one year ago. Average days-on-market of 18.75 is up 5.25 days from last year.
Contact Us
Meet the Andra Arnold Team
Check Out Our Featured Listings
More blog posts on buying and selling real estate
Best deals on Guelph homes come from preparation, local insight, and understanding location, condition, timing, neighbourhood trends, and negotiation strategy.
A guide to Guelph homes for sale in 2026 explained with current prices, neighbourhood insights, home types, and expert buyer tips to help you buy.
Guelph’s Andra Arnold wins Ontario REALTOR® of the Year. Learn about her record-breaking 2025 success and her support for the Royal LePage Shelter Foundation.
Discover the benefits of multi-generational living in Guelph, from financial savings to stronger family connections. Learn how to find the right home for your family.
Thinking of upsizing in Guelph? Learn why involving your kids in the home-buying process can make your family’s move easier and more exciting.
Planning to sell your home in Guelph? Discover 4 key questions to ask a local realtor about pricing, market trends, costs, and ROI to sell with confidence.
