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January 2023 Guelph Housing Market Update
Andra Arnold • Feb 08, 2023
January 2023
Guelph Real Estate Market Report
Balanced Market
The City of Guelph real estate market starts the year as a balanced market. New listings continue to rise as unit sales remain consistently lower than this time last year. The year-to-date average sales price has finally fallen lower than it was last year, which may indicate some larger changes coming in the new year.
JANUARY NUMBERS
Median Sale Price $730,000
-23.2%
Sales Volume $74,291,428
-54.14%
Unit Sales 136
-12.26%
New Listings 240
+10.09%
Expired Listings 19
+280%
Unit Sales/Listings Ratio 56.67%
-14.43%
Year-over-year comparison
(January 2023 vs. January 2022)
January year-over-year sales volume of $74,291,428
Down 54.14% from 2022’s $161,994,659 with unit sales of 136 down 12.26% from last January’s 155. New listings of 240 are up 10.09% from a year ago, with the sales/listing ratio of 56.67% down 14.43%.
Year-to-date sales volume of $74,291,428
Down 54.14% from 2022’s $161,994,659 with unit sales of 136 down 12.23% from 2022’s 155. New listings of 240 are up 10.09% from a year ago,
with the sales/listing ratio of 56.67% down 14.43%.
Year-to-date average sale price of $603,995
Down from $1,045,127 one year ago with median sale price of $730,000 down from $950,500 one year ago. Average days-on-market of 35 is up 26 days from last year.
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