What’s My Home Worth Now? Understanding Post-Pandemic Pricing

The Pandemic Price Spike: A Quick Look Back

During the height of the pandemic, real estate markets across the country experienced record-breaking price increases. With historically low interest rates and a surge in demand, homes were selling in days (or even hours), often well over asking. But as interest rates climbed and the market began to stabilize, we saw a shift—especially in places like Guelph where prices had soared quickly.

The Market Has Balanced—But Not Collapsed

It’s true that some homeowners who bought or refinanced during peak pricing are now facing a different market reality. But balanced doesn’t mean bottomed out. In fact, many homes are still selling at healthy prices—just not at the inflated numbers we saw in 2021 and early 2022.

Why Online Estimates Can Be Misleading

Online estimators or stories about what a neighbour’s house "sold for" can be misleading. Real-time market data, the condition of your home, upgrades, location, and even time of year all play a role in what your home is truly worth now.

Buyers Are More Price-Conscious

Today’s buyers are more educated and cautious. With interest rates higher, they’re carefully calculating carrying costs. Homes priced too optimistically are sitting longer and requiring price reductions—which can hurt a listing’s momentum.

The Bottom Line: Get a Personalized Evaluation

The best way to understand what your home is worth today is to speak with a local real estate expert who knows the market intimately. Reach out today, and we can give you a realistic, data-backed evaluation—and help you decide if now is the right time to sell, or if you should wait.