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May 2023 Guelph Housing Market Update
Andra Arnold • Jun 09, 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.
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