Guelph Housing Market Stats – March 2021
This video provides a summary of the Guelph housing market stats for the month of March, 2021. As we work our way through the winter, the housing market continues to be red hot. Lets take a look at some of the key metrics (relative to March, 2020):
- Median Sales Price was $715,000 – ↑ 28.8%
- Median Days on Market was 6 days – ↓ 3 days
- Total Number of Sales was 380 – ↑ 62.4%
- Total Number of Listings was 451 – ↑ 43.6%
CLICK HERE for the full stats report.
With the number of sales being up by more than 60%, clearly we are still in a very hot sellers market. However, for the first time since the pandemic began, the number of new listings is now outpacing the number of sales. This is an important metric that may help the local Real Estate market find some balance.
In fact, over the past few weeks, we have started to see some properties not get any offers on their offer date. It is coming as a shock to sellers who thought they were pricing low to drum up competition.
With this said, sellers are achieving record high’s from a price perspective, and many are capitalizing on this hot market.
My message to buyers right now is to continue to be patient and persistent. If you see a home that you like, don’t be deterred from trying on offer. We are seeing less and less bids on homes right now, and you might just get lucky, even in competition.
If you have any questions about the market, or are thinking about buying or selling, please feel free to reach out to me.
