Guelph Housing Market Stats – October 2021
This video provides a summary of the Guelph housing market stats for the month of October, 2021. With the number of active listings at its lowest point since January, it is clear that critically low inventory levels are continuing to drive market prices up. Lets take a look at some of the key metrics (relative to October, 2020):
- Median Sales Price was $800,000 – ↑ 30.1%
- Average Sale Price per Sq.ft. was $495 – ↑ 20.1%
- Total Number of Listings was 236 – ↓ 14.8%
- Total Number of Sales was 221 – ↓ 20.5%
October sale prices were on the rise from September in nearly every segment of the market throughout the region. Guelph’s median sale price landed at $800,000 – an almost 9% increase month-over-month, and an incredible 30% increase over October 2020’s figure.
The number of new listings to the Guelph market decreased 8.9% from September to October, while the number of home sales saw a 3.3% increase. This correlation of increased demand, decreased supply and rising prices has been well documented in our local market over the last several years.
With the sales to new listing ratio being above 80%, we are considered to be in a hot seller’s market. Buyers are feeling the heat with incredibly fierce competition, and seller’s are reaping the rewards resulting for the competitive market.
If you are considering buying or selling in this market, it is important to have a discussion with a trusted professional. Please feel free to reach out to me any time.
CLICK HERE to view the full Market Report for October 2021.
