Monthly Market Reports
Wellington County
BALANCED MARKET - AUGUST 2024
The Wellington County real estate market in August remains a balanced market, showing a dynamic shift with a mix of trends. The median sale price has decreased by 2.56%, while the average sale price has risen by 3.41%, reflecting varied buyer activity. Sales volume has seen a notable increase of 15.02%, and unit sales are up by 11.22%, driving the unit sales/listings ratio to 56.16%. With a modest 2.78% increase in new listings and a sharp decrease in expired listings by 157.14%, the market remains competitive, offering more choices for buyers and heightening competition among sellers.
Centre Wellington
BALANCED MARKET - AUGUST 2024
Centre Wellington’s market has reverted back to a balanced market this month. The median sale price dipped by 1.97%, but the average sale price increased by 3.37%. Sales volume grew by 6.09%, and unit sales rose by 2.63%. Despite a 5.06% drop in new listings, the unit sales/listings ratio improved, favoring sellers as competition remains strong.
Guelph Eramosa
BALANCED MARKET - AUGUST 2024
The real estate market in Guelph/Eramosa is trending towards
a seller’s market this month. The median sale price increased by 1.97%, and the average sale price rose by 4.33%. Sales volume saw a significant boost of 20.66%, with unit sales up 15.65%. New listings increased by 18.27%, while expired listings surged by 218.18%. Despite the slight drop in the unit sales/listings ratio, sellers are still benefiting from strong demand.
City of Guelph
BALANCED MARKET - AUGUST 2024
The City of Guelph’s real estate market is trending towards a seller’s market this month. The median sale price increased by 1.97%, and the average sale price rose by 4.33%. Sales volume saw a significant boost of 20.66%, with unit sales up 15.65%. New listings increased by 18.27%, while expired listings surged by 218.18%. Despite the slight drop in the unit sales/listings ratio, sellers are still benefiting from strong demand.
Waterloo
BALANCED MARKET - AUGUST 2024
The Waterloo Region real estate market remains a balanced market and is showing slight declines this month. The median sale price dipped by 1.25%, while the average sale price saw a modest increase of 0.84%. Sales volume fell by 3.93%, with unit sales down by 4.81%. New listings decreased by 3.33%, and expired listings surged by 132.93%. The unit sales/listings ratio dropped slightly by 0.84%, indicating a more competitive environment for sellers.
Puslinch
BUYERS MARKET - AUGUST 2024
The Puslinch real estate market is experiencing a shift this month with a unit sales/listings ratio of 80%. The median sale price dropped by 28.62%, but the average sale price surged by 30.79%, indicating high-value property sales. Sales volume more than doubled with a 109.27% increase, and unit sales rose by 60%. New listings decreased by 44.44%, while expired listings returned to the market. The unit sales/listings ratio jumped by 52.22%, reflecting strong demand and limited supply, favoring sellers.
Hamilton
BALANCED MARKET - AUGUST 2024
The Hamilton real estate market remains to be a balanced market despite sales volume being lower than it was this time last year. Median sale price dropped by 3.41%, while the average sale price remained nearly flat with a 0.09% decline. Sales volume decreased by 12.13%, with unit sales down by 12.07%. New listings remained unchanged, but expired listings surged by 107.59%. The unit sales/listings ratio dropped by 6.17%, indicating a slower market with increased competition among sellers.
Cambridge
BALANCED MARKET - AUGUST 2024
Cambridge’s real estate market remained balanced in August with some notable shifts. The median sale price rose by 2.98%, but the average sale price fell by 2.0%. Sales volume and unit sales both dropped significantly, while new listings declined slightly by 4.69%. A sharp 427.27% increase in expired listings indicates heightened competition among sellers as buyers now have more options.
Halton Hillls
BALANCED MARKET - AUGUST 2024
The Halton Hills real estate market is shifting towards a buyer’s market this month. The median sale price dropped by 20.6%, and the average sale price decreased by 24.96%. Despite this, sales volume remained relatively stable, with only a slight decline of 0.94%. Unit sales saw a strong increase of 21.43%, while new listings dropped by 2.34%. Expired listings surged by 122.22%, and the unit sales/listings ratio rose by 24.34%, indicating growing buyer activity despite the price drops.