Market Reports
Wellington County Market Report
August 2024
BALANCED MARKET
The Wellington County real estate market in August remains a balanced market, showing a dynamic shift with a mix of trends. The median sale price has decreased by 2.56%, while the average sale price has risen by 3.41%, reflecting varied buyer activity. Sales volume has seen a notable increase of 15.02%, and unit sales are up by 11.22%, driving the unit sales/listings ratio to 56.16%. With a modest 2.78% increase in new listings and a sharp decrease in expired listings by 157.14%, the market remains competitive, offering more choices for buyers and heightening competition among sellers.
City of Guelph Market Report
August 2024
BALANCED MARKET
The City of Guelph’s real estate market is trending towards a seller’s market this month. The median sale price increased by 1.97%, and the average sale price rose by 4.33%. Sales volume saw a significant boost of 20.66%, with unit sales up 15.65%. New listings increased by 18.27%, while expired listings surged by 218.18%. Despite the slight drop in the unit sales/listings ratio, sellers are still benefiting from strong demand.
Centre Wellington Market Report
August 2024
BALANCED MARKET
Centre Wellington’s market has reverted back to a balanced market this month. The median sale price dipped by 1.97%, but the average sale price increased by 3.37%. Sales volume grew by 6.09%, and unit sales rose by 2.63%. Despite a 5.06% drop in new listings, the unit sales/listings ratio improved, favoring sellers as competition remains strong.
Guelph Eramosa Market Report
August 2024
BALANCED MARKET
The real estate market in Guelph/Eramosa is trending towards a seller’s market this month. The median sale price increased by 1.97%, and the average sale price rose by 4.33%. Sales volume saw a significant boost of 20.66%, with unit sales up 15.65%. New listings increased by 18.27%, while expired listings surged by 218.18%. Despite the slight drop in the unit sales/listings ratio, sellers are still benefiting from strong demand.
Puslinch Market Report
August 2024
BUYER'S MARKET
The Puslinch real estate market is experiencing a shift this month with a unit sales/listings ratio of 80%. The median sale price dropped by 28.62%, but the average sale price surged by 30.79%, indicating high-value property sales. Sales volume more than doubled with a 109.27% increase, and unit sales rose by 60%. New listings decreased by 44.44%, while expired listings returned to the market. The unit sales/listings ratio jumped by 52.22%, reflecting strong demand and limited supply, favoring sellers.
Waterloo Region Market Report
August 2024
BALANCED MARKET
The Waterloo Region real estate market remains a balanced market and is showing slight declines this month. The median sale price dipped by 1.25%, while the average sale price saw a modest increase of 0.84%. Sales volume fell by 3.93%, with unit sales down by 4.81%. New listings decreased by 3.33%, and expired listings surged by 132.93%. The unit sales/listings ratio dropped slightly by 0.84%, indicating a more competitive environment for sellers.
Hamilton Market Report
August 2024
BALANCED MARKET
The Hamilton real estate market remains to be a balanced market despite sales volume being lower than it was this time last year. Median sale price dropped by 3.41%, while the average sale price remained nearly flat with a 0.09% decline. Sales volume decreased by 12.13%, with unit sales down by 12.07%. New listings remained unchanged, but expired listings surged by 107.59%. The unit sales/listings ratio dropped by 6.17%, indicating a slower market with increased competition among sellers.
Halton Hills
August 2024
BALANCED MARKET
The Halton Hills real estate market is shifting towards a buyer’s market this month. The median sale price dropped by 20.6%, and the average sale price decreased by 24.96%. Despite this, sales volume remained relatively stable, with only a slight decline of 0.94%. Unit sales saw a strong increase of 21.43%, while new listings dropped by 2.34%. Expired listings surged by 122.22%, and the unit sales/listings ratio rose by 24.34%, indicating growing buyer activity despite the price drops.
Cambridge
August 2024
BALANCED MARKET
Cambridge’s real estate market remained balanced in August with some notable shifts. The median sale price rose by 2.98%, but the average sale price fell by 2.0%. Sales volume and unit sales both dropped significantly, while new listings declined slightly by 4.69%. A sharp 427.27% increase in expired listings indicates heightened competition among sellers as buyers now have more options.