Monthly Market Reports
Wellington County
SELLER'S MARKET - DECEMBER 2024
The Wellington County real estate market remained robust in December, with key metrics showing positive trends. The median sale price rose by 5.99% to $779,000, and the average sale price increased by 8.72% to $844,158. Sales volume surged by 73.74%, driven by a 59.08% rise in unit sales to 163. New listings climbed by 56.2%, while expired listings saw a slight decline of 0.86%. With the unit sales-to-listings ratio at 86.24%, the market leaned heavily in favour of sellers to close out the year.
Centre Wellington
BALANCED MARKET - DECEMBER 2024
Centre Wellington’s real estate market continued to show strength in December. The median sale price rose by 19.87% to $860,000, while the average sale price rose by 27.68% to $993,952. Sales volume increased by 48.96%, supported by a 16.67% rise in unit sales. New listings surged by 68.18%, while expired listings decreased by 19.05%. The unit sales-to-listings ratio stood at 56.76%, reflecting a balanced market with ample opportunities for buyers and sellers alike.
Guelph Eramosa
SELLER'S MARKET - DECEMBER 2024
The real estate market in Guelph/Eramosa showed notable activity this December, with significant year-over-year growth in key areas. The median sale price increased by 1.62% to $1,032,500, while the average sale price saw a stronger rise of 23.33% to $1,284,167. Sales volume surged by 84.99%, fueled by a 50% increase in unit sales. New listings jumped by 125%, while expired listings also increased by 42.86%. The rise in new listings and expired listings has the market in the seller’s favour once again with the unit sales- to-listings ratio at 66.67%.
City of Guelph
SELLER'S MARKET - DECEMBER 2024
The City of Guelph’s real estate market remained active in December, showing strong growth across multiple metrics. The median sale price rose by 3.29% to $754,000, while the average sale price increased by 2.81% to $766,598. Sales volume saw a significant surge of 69.73%, driven by a 65.08% jump in unit sales to 104. New listings were up by 39.13%, and expired listings increased slightly by 7.84%. With the unit sales-to-listings ratio rising to 108.33%, the Guelph market continues to favour sellers.
Waterloo
SELLER'S MARKET - DECEMBER 2024
The Waterloo Region real estate market remained dynamic this December, reflecting strong seller’s market conditions. The median sale price increased by 3.84% to $716,500, while the average sale price rose by 4.34% to $773,564. Sales volume saw a significant 25.06% increase, supported by a 19.86% rise in unit sales to 344 properties. With a 26.48% growth in new listings and the unit sales- to-listings ratio at 94.77%, the market heavily favoured sellers.
Puslinch
BUYER'S MARKET - DECEMBER 2024
The Puslinch real estate market did not see much activity this month. Regardless, the median and average sale price both increased by 11.36% to $1,837,500, while sales volume surged by 122.73%. New listings decreased by 57.14%, and expired listings dropped by 36.36%, tightening inventory. The unit sales-to-listings ratio rose by 52.38%, reflecting a market shift favouring sellers
Hamilton
SELLER'S MARKET - DECEMBER 2024
The Hamilton real estate market demonstrated strong growth in December, solidifying its status as a seller’s market. The median sale price rose by 1.84% to $720,000, while the average sale price increased by 2.27% to $774,221. Sales volume surged by 18.48%, with unit sales climbing 15.84% to 351. New listings grew by 30.1%, but the unit sales-to-listings ratio of 87.31% underscores high demand and competitive conditions favoring sellers.
Cambridge
SELLER'S MARKET - DECEMBER 2024
Cambridge’s real estate market saw strong activity in December, with notable year-over-year increases. The median sale price edged down slightly by 1.07% to $690,000, while the average sale price grew by 3.13% to $761,868. Sales volume surged by 44.38%, driven by a 40% rise in unit sales to 112, while new listings more than doubled, increasing by 101.45% to 139 properties. The unit sales- to-listings ratio landed at 68.81%, reflecting a seller’s market.
Halton Hillls
SELLER'S MARKET - DECEMBER 2024
The Halton Hills real estate market experienced diverse shifts this December, reflecting a mix of growth and adjustments. The median sale price rose by 4.14% to $942,500, while the average sale price declined by 34.79% to $950,313. Sales volume dipped by 16.16%, though unit sales increased by 24.14% to 36 transactions. New listings surged by 69.7%, while expired listings dropped significantly by 73.91%. With a unit sales- to-listings ratio of 64.29%, the market sits in the seller’s favour.
**December 2024 Market Reports Disclaimer:
Please be advised that due to the Guelph and District Association of Realtors transitioning to a different MLS system, the December statistics from any source won't be 100% accurate as some members had to relist their listings which could appear as 'new'.