Guelph Housing Market Stats – Q3 2019
This video provides you with a quick summary of the Guelph Housing Market Stats for the third quarter of 2019. The Guelph market continues to be strong across the board for all housing types.
Below are a few of the key metrics for the quarter (relative to Q3, 2018):
Median Sale Price was $522,500, which represents an 8.9% increase.
Median Days on Market was 18 days, which is one day lower
Total number of Sales increased by 8.8%
Total number of Listings increased by 4.6%
As you can see, the housing market in Guelph has maintained its strength throughout the summer. Sellers are obtaining top dollar for their homes, and inventory levels remain low.
The market continues to be a strong sellers market, particularly in the lower price points for entry level housing. Once you get into the higher price points, we are seeing more of a balanced market.
If you are thinking about buying or selling during the remainder of this year, or planning for next year, please give me a call. I would be happy to help you out.
