Market Reports

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Wellington County Market Report

April 2024

BALANCED MARKET

The Wellington County real estate market remains a balanced market in April despite unit sales being lower in comparison to this time last year. The median sale price has only slightly increased as the average sale price has dropped 1.56%, leading to a drop in the sales volume this year as well. New listings surged and the unit sales/listings ratio dropped, indicating that buyers have more choices.

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City of Guelph Market Report

April 2024

BALANCED MARKET

The City of Guelph real estate market continues to be a balanced market despite both unit sales and sales volume being lower than they were this time last year. Both average and median sale prices dropped in comparison to last year, however, the significant increase in new listings and the jump in expired listings reflects a shift in market dynamics. Despite these changes, the market still shows signs of stability.

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Centre Wellington Market Report

April 2024

BALANCED MARKET

Centre Wellington remains a balanced market this month with unit sales, average and median sale prices higher than they were last April. This explains the sales volume rising even though there were more expired listings and an average sales/listing ratio.

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Guelph Eramosa Market Report

April 2024

BUYER’S MARKET

The real estate market in Guelph/Eramosa remains a buyers market this month due to continued drops in unit sales. The monthly year- to-date median sale price has gone up, even though the average sale price has dropped quite a bit. It is important to note that this market is smaller, and more prone of erratic change.

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Puslinch Market Report

April 2024

BUYER'S MARKET

The Puslinch real estate market remains a buyer's market this month. The decline in the average price, alongside a drop in unit sales, explains why the sales volume is significantly lower than last year, despite the median price increase. New listings increased but so did expired listings. The unit sales/listings ratio decreased, suggesting a more buyer-friendly environment due to a higher supply relative to sales.

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Waterloo Region Market Report

April 2024

BALANCED MARKET

The Waterloo Region real estate market continues to be a balanced market despite a slight increase in unit sales. The median sale price decreased a bit, while the average sale price saw a marginal increase of 0.18%, suggesting moderate strength in the market. Sales volume also increased despite a noticeable rise in new listings and a sharp spike in expired listings. The unit sales/listings ratio fell by 28.24%, indicating a more competitive market with increased listings, suggesting the market is trending towards a more balanced or buyer-friendly landscape.

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Hamilton Market Report

April 2024

BALANCED MARKET

The Hamilton real estate market continues to be a balanced market despite sales volume and unit sales being lower than they were this time last year. The median sale price has remained unchanged, while the average sale price edged up by 1.35%, indicating a stable foundation in the market. A drop in the unit sales/listings ratio suggests more properties are available compared to sales, reflecting a potential shift towards a more buyer-oriented market.

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Halton Hills Market Report

April 2024

BALANCED MARKET

The Real Estate market in Halton Hills remains on the lower end of a balanced market this month due to a big surge in inventory. Unit sales have slightly gone down compared to this time last year, and although the median sale price is down 1.15%, the average sale prices are still higher than last April, showing some strength to this market.

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Cambridge

April 2024

BUYER’S MARKET

Cambridge’s real estate market has become a buyer’s market in the past month. Despite a small increase in the median and average sale price, the sales volume decreased and along with it, the unit sales. With a sharp increase in new listings, buyer’s are presented with a broader selection, ultimately increasing competition among sellers.

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