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!
May 2023 Guelph Housing Market Update
Andra Arnold • June 9, 2023
May 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 pushes the market while keeping both unit sales and sales volumes low. Despite this, the average sales prices continue to rise consistently.
April NUMBERS
Median Sale Price $839,000
-1.28%
Average Sale Price $877,658
-2.36%
Sales Volume $176,409,250
+2.75%
Unit Sales 201
+5.24%
New Listings 279
-31.78%
Expired Listings 8
No Change
Unit Sales/Listings Ratio 72.04%
+25.34%
Year-over-year comparison
(May 2023 vs. May 2022)
May year-over-year sales volume of $176,409,250
Up 2.75% from 2022’s $171,686,287 with unit sales of 201 up 5.24% from last May’s 191. New listings of 279 are down 31.78% from a year ago, with the sales/listing ratio of 72.04% up 25.34%.
Year-to-date sales volume of $640,717,983
Down 36.34% from 2022’s $1,006,405,521 with unit sales of 800 down 23.66% from 2022’s 1,048. New listings of 1,115 are down 35.29% from a year ago, with the sales/listing ratio of 71.75% up 10.92%.
Year-to-date average sale price of $789,507
Down from $959,277 one year ago with median sale price of $738,500 down from $913,750 one year ago. Average days-on-market of 19.6 is up 10.8 days from last year.
Contact Us
More blog posts on buying and selling real estate
Most Guelph home buyers don't know broker remarks exist — but they can change everything. Here's what your Realtor sees that you don't, and why it matters.
Stale Listing Guelph: 180 Days on Market, Sold in 15
May 2026 Guelph Real Estate Market Report
