Guelph Housing Market Stats – November 2019
This video provides a quick summary of the Guelph housing market stats for November, 2019. Below are some of the key market metrics (relative to November 2018):
- Median Sales Price was $520,000 – ↑ 7.1%
- Median Days on Market now at 23 days – ↑ 2 days
- Total Number of Sales was 163 – ↑ 4.5%
- Total Number of Listings was 231 – ↓ 11.5%
Inventory is down and the number of sales is up, which is a key indicator that we are continuing to experience a hot real estate market. The year-over-year sale price increase of 7.1% is reflective of this. However, with a rise in median days on market, buyers seem to be taking their time to select the right home for them.
CLICK HERE for a full breakdown of the market stats.
With such a low level of housing inventory, I expect that sellers will continue to obtain top dollar for their homes as we head toward the New Year.
If you are thinking about moving in the New Year, now is the time to start planning. I would be honoured to help you with your Real Estate needs. Feel free to reach out to me.
