Market Reports
Wellington County Market Report
June 2024
BALANCED MARKET
The Wellington County real estate market remains a balanced market in June despite the median sale price, average sale price, and unit sales being lower in comparison to this time last year, bringing down the sales volume as well. With an increase in new listings, and over double the number of expired listings, buyers have more options to choose from, intensifying competition among sellers.
City of Guelph Market Report
June 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 expired listings reflects a shift in market dynamics. Despite these changes, the market still shows signs of stability.
Centre Wellington Market Report
June 2024
BALANCED MARKET
Centre Wellington remains a balanced market this month. The median price dropped slightly, along with the average sale price, in comparison to last June. Less new listings plus lower unit sales, accounts for the decrease in sales volume, but nonetheless, the market appears to remain fairly balanced.
Guelph Eramosa Market Report
June 2024
BUYER’S MARKET
The real estate market in Guelph/Eramosa remains a buyers market this month due to continued drops in unit sales and increase in new listings. Both the monthly year-to-date median sale price and the average sale price have dropped a bit. It is important to note that this market is smaller, and more prone of erratic change.
Puslinch Market Report
June 2024
BUYER'S MARKET
The Puslinch real estate market remains a buyer's market this month. Although there was a decline in unit sales, the average price and sales volume are higher than last year. The unit sales/listings ratio witnessed a slight decrease, suggesting a more buyer-friendly environment.
Waterloo Region Market Report
June 2024
BALANCED MARKET
The Waterloo Region real estate market continues to be a balanced market. Slight decreases were seen in the median sale price, average sale price, and unit sales, resulting in a lower sales volume as well. With the rise in new listings and a sharp spike in expired listings, the market is trending towards a more buyer-friendly landscape.
Hamilton Market Report
June 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 witnessed a tiny drop, while the average sale price edged up 0.36%. A drop in the unit sales/listings ratio suggests a potential shift towards a more buyer-oriented market.
Cambridge
June 2024
BALANCED MARKET
Cambridge’s real estate market has bounced back to a balanced market in May. Despite a small increase in the median and average sale price, the sales volume remains lower than what it was in May 2023, and down along with it, the unit sales. With an increase in new listings and a sharp increase in expired listings, buyer’s are presented with a broader selection, ultimately increasing competition among sellers.