Guelph & Tri-City Housing Market Stats – January 2024
This video and report provides the Guelph & Tri-City Housing Market Stats for the month of January, 2024. The housing market is starting to buzz again, with plenty of new listing and home sale activity. Let’s take a look at the key month-over-month stats relative to December 2023:
Guelph Stats:
- Median Sale Price was $742,000 – ↑ 2.0%
- Average Sale Price per Sq.ft. was $500 – ↑ 2.5%
- Total Number of Listings was 181 – ↑ 159%
- Total Number of Sales was 95 – ↑ 48.4%
Tri-City Stats:
- Kitchener: Median Sale Price was $717,500 – ↑ 6.1%
- Waterloo: Median Sale Price was $720,000 – ↑ 6.3%
- Cambridge: Median Sale Price was $714,000 – ↑ 0.6%
Guelph home sales had quite the boost in January, jumping by a solid 48.4% from the previous month. However, when we look back at the same time last year, there’s a slight 3.1% dip. And, compared to five years ago, we’re seeing a bigger drop of 24%.
There were 181 new listing in January, showing a pretty impressive 159% increase from December 2023. Looking back at the previous year, the increase is a bit more reasonable at 15.3%. But, when we compare to five years ago, there’s still a noticeable 32% decrease in the market activity.
The current buyer and seller activity suggests a vibrant start to the 2024 market. The ongoing trend of homes selling well and new options entering the market calls for attention and consideration from both buyers and sellers.
Click on the link down below to view the full housing stats for our local markets. And please reach out to me if you are considering purchasing or moving this year. I would be happy to help you! And of course, referring your friends and family members is to me is always appreciated.
Thanks for joining me, and have a great day!