Market Reports
Wellington County Market Report
December 2024
SELLER’S MARKET
The Wellington County real estate market remained robust in December, with key metrics showing positive trends. The median sale price rose by 5.99% to $779,000, and the average sale price increased by 8.72% to $844,158. Sales volume surged by 73.74%, driven by a 59.08% rise in unit sales to 163. New listings climbed by 56.2%, while expired listings saw a slight decline of 0.86%. With the unit sales-to-listings ratio at 86.24%, the market leaned heavily in favour of sellers to close out the year.
City of Guelph Market Report
December 2024
SELLER’S MARKET
The City of Guelph’s real estate market remained active in December, showing strong growth across multiple metrics. The median sale price rose by 3.29% to $754,000, while the average sale price increased by 2.81% to $766,598. Sales volume saw a significant surge of 69.73%, driven by a 65.08% jump in unit sales to 104. New listings were up by 39.13%, and expired listings increased slightly by 7.84%. With the unit sales-to-listings ratio rising to 108.33%, the Guelph market continues to favour sellers.
Centre Wellington Market Report
December 2024
BALANCED MARKET
Centre Wellington’s real estate market continued to show strength in December. The median sale price rose by 19.87% to $860,000, while the average sale price rose by 27.68% to $993,952. Sales volume increased by 48.96%, supported by a 16.67% rise in unit sales. New listings surged by 68.18%, while expired listings decreased by 19.05%. The unit sales-to-listings ratio stood at 56.76%, reflecting a balanced market with ample opportunities for buyers and sellers alike.
Guelph Eramosa Market Report
December 2024
SELLER’S MARKET
The real estate market in Guelph/Eramosa showed notable activity this December, with significant year-over-year growth in key areas. The median sale price increased by 1.62% to $1,032,500, while the average sale price saw a stronger rise of 23.33% to $1,284,167. Sales volume surged by 84.99%, fueled by a 50% increase in unit sales. New listings jumped by 125%, while expired listings also increased by 42.86%. The rise in new listings and expired listings has the market in the seller’s favour once again with the unit sales- to-listings ratio at 66.67%.
Puslinch Market Report
December 2024
SELLER'S MARKET
The Puslinch real estate market did not see much activity this month. Regardless, the median and average sale price both increased by 11.36% to $1,837,500, while sales volume surged by 122.73%. New listings decreased by 57.14%, and expired listings dropped by 36.36%, tightening inventory. The unit sales-to-listings ratio rose by 52.38%, reflecting a market shift favouring sellers
Waterloo Region Market Report
December 2024
SELLER’S MARKET
The Waterloo Region real estate market remained dynamic this December, reflecting strong seller’s market conditions. The median sale price increased by 3.84% to $716,500, while the average sale price rose by 4.34% to $773,564. Sales volume saw a significant 25.06% increase, supported by a 19.86% rise in unit sales to 344 properties. With a 26.48% growth in new listings and the unit sales- to-listings ratio at 94.77%, the market heavily favoured sellers.
Hamilton Market Report
December 2024
SELLER’S MARKET
The Hamilton real estate market demonstrated strong growth in December, solidifying its status as a seller’s market. The median
sale price rose by 1.84% to $720,000, while the average sale price increased by 2.27% to $774,221. Sales volume surged by 18.48%, with unit sales climbing 15.84% to 351. New listings grew by 30.1%, but the unit sales-to-listings ratio of 87.31% underscores high demand and competitive conditions favoring sellers.
Halton Hills
December 2024
SELLER’S MARKET
The Halton Hills real estate market experienced diverse shifts this December, reflecting a mix of growth and adjustments. The median sale price rose by 4.14% to $942,500, while the average sale price declined by 34.79% to $950,313. Sales volume dipped by 16.16%, though unit sales increased by 24.14% to 36 transactions. New listings surged by 69.7%, while expired listings dropped significantly by 73.91%. With a unit sales- to-listings ratio of 64.29%, the market sits in the seller’s favour.
Cambridge
December 2024
SELLER’S MARKET
Cambridge’s real estate market saw strong activity in December, with notable year-over-year increases. The median sale price edged down slightly by 1.07% to $690,000, while the average sale price grew by 3.13% to $761,868. Sales volume surged by 44.38%, driven by a 40% rise in unit sales to 112, while new listings more than doubled, increasing by 101.45% to 139 properties. The unit sales- to-listings ratio landed at 68.81%, reflecting a seller’s market.