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!
July 2023 Guelph Housing Market Update
Andra Arnold • August 4, 2023
July 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 while keeping both unit sales and sales volumes low. Despite this, monthly sales volume and unit sales, as well as median and average sale prices were higher than they were in June of last year.
July NUMBERS
Median Sale Price $789,950
+8.96%
Average Sale Price $829,201
+7.69%
Sales Volume $128,526,169
+29.4%
Unit Sales 155
+20.16%
New Listings 261
-7.45%
Expired Listings 15
-37.5%
Unit Sales/Listings Ratio 59.39%
+13.64%
Year-over-year comparison
(July 2023 vs. July 2022)
July year-over-year sales volume of $128,526,169
Up 29.4% from 2022’s $99,327,577 with unit sales of 155 up 20.16% from last July’s 129. New listings of 261 are down 7.45% from a year ago, with the sales/listing ratio of 59.39% up 13.64%.
Year-to-date sales volume of $933,178,363
Down 25.36% from 2022’s $1,250,271,824 with unit sales of 1,142 down 15.47% from 2022’s 1,351. New listings of 1,681 are down 29.13% from a year ago, with the sales/listing ratio of 67.94% up 10.98%.
Year-to-date average sale price of $807,627
Down from $913,864 one year ago with median sale price of $789,950 down from $911,500 one year ago. Average days-on-market of 18.71 is up 7.28 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.
