Guelph & Tri-City Housing Market Stats – May 2026
Today, we’re taking a closer look at the Guelph and Tri-City housing markets for the month of May. Before diving into the details, let’s start with a snapshot of some key metrics and see how our local markets compare to May of last year:
Guelph Stats:
- Median Sale Price was $740,000 – ↓ 7.5%
- Total Number of Listings was 416 – ↓ 6.5%
- Total Number of Sales was 166 – ↓ 4.6%
Tri-City Stats:
- Kitchener: Median Sale Price was $676,000 – ↓ 3.6%
- Waterloo: Median Sale Price was $725,000 – ↓ 8.3%
- Cambridge: Median Sale Price was $642,500 – ↓ 11.6%
CLICK HERE to view the full report.
May brought another month of measured activity to the Guelph and our surrounding real estate markets, with buyers continuing to benefit from increased choice and a more deliberate pace of sales. This resulted in lower median sale prices in all of these markets. The overall figures are suggesting that while demand remains present, buyers are exercising greater patience and caution in their purchasing decisions.
Inventory levels in Guelph remained healthy, although new listings dipped slightly to 416 properties, down 6.5% from the same time last year. Sales activity also softened, with 166 homes changing hands, representing a 4.6% decline year-over-year. With fewer sales occurring relative to the number of homes available, Guelph remained firmly in buyer’s market territory throughout the month.
For buyers, current conditions continue to provide opportunities that were less common during the more competitive markets of recent years. More available inventory, longer decision-making timelines, and increased negotiating power have helped create a less pressured environment. Sellers, meanwhile, are finding that strategic pricing and strong presentation are becoming increasingly important to stand out from competing listings.
As we move into June, the market will likely continue to be influenced by seasonal activity and broader economic confidence. While spring traditionally brings stronger demand, the balance of power currently remains with buyers. If inventory levels stay elevated and sales activity remains moderate, market conditions are expected to continue favouring purchasers through the early summer months, although attractive and well-priced properties should still generate strong interest.
If you are considering buying, selling, or making a move, I would be happy to help you. Feel free to reach out to me to discuss your plans, and we can create a strategy that will work for you.