Monthly Market Reports

Wellington County

BALANCED MARKET - MAY 2024

The Wellington County real estate market remains a balanced market in May despite the median sale price, average sale price, and unit sales being lower in comparison to this time last year. With a significant increase in new listings, there was also a higher number of expired listings.

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Centre Wellington

BALANCED MARKET -  MAY 2024

Centre Wellington remains a balanced market this month. The median price dropped slightly, however, the average sale price remained higher than last May. This helps explain the equally balanced market and increase in unit sales and sales volume, regardless of the new listings increase.

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Guelph Eramosa

BUYER'S MARKET - MAY 2024

The real estate market in Guelph/Eramosa remains a buyers market this month due to continued drops in unit sales and increase in new listings. Both the monthly year-to-date median sale price and the average sale price have dropped a bit. It is important to note that this market is smaller, and more prone of erratic change.

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City of Guelph

BALANCED MARKET - MAY 2024

The City of Guelph real estate market continues to be a balanced market despite both unit sales and sales volume being lower than they were this time last year. Both average and median sale prices dropped in comparison to last year, however, the significant increase in new listings reflects a shift in market dynamics. Despite these changes, the market still shows signs of stability.

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Waterloo

BALANCED MARKET -  MAY 2024

The Waterloo Region real estate market continues to be a balanced market. Slight decreases were seen in the median sale price, average sale price, and unit sales, resulting in a lower sales volume as well. With the rise in new listings and a sharp spike in expired listings, the market is trending towards a more buyer-friendly landscape as the unit sales/listings ratio fell by 17.83%.

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Puslinch

BUYERS MARKET - MAY 2024

The Puslinch real estate market remains a buyer's market this month. The decline in the average price, alongside a drop in unit sales, explains why the sales volume is significantly lower than last year. New listings increased but so did expired listings. The unit sales/ listings ratio decreased as we, suggesting a more buyer-friendly environment due to a higher supply relative to sales.

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Halton Hills

BALANCED MARKET - MAY 2024

The Real Estate market in Halton Hills remains on the lower end of a balanced market this month due to the surge in new listings. Unit sales have gone down compared to this time last year, along with the median and average sale prices, resulting in a decrease in the sales volume.

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Hamilton

BALANCED MARKET - MAY 2024

The Hamilton real estate market continues to be a balanced market despite sales volume and unit sales being lower than they were this time last year. The median sale price has essentially remained the same, while the average sale price edged up 0.3%. A drop in the unit sales/ listings ratio suggests a potential shift towards a more buyer-oriented market.

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Cambridge

BALANCED MARKET - MAY 2024

Cambridge’s real estate market has bounced back to a balanced market in May. Despite a small increase in the median and average sale price, the sales volume remains lower than what it was in May 2023, and down along with it, the unit sales. With an increase in new listings and a sharp increase in expired listings, buyer’s are presented with a broader selection, ultimately increasing competition among sellers.

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