April Guelph Home Sales Still Strong, But Down On Year-Over-Year Basis

According to statistics provided by the MLS^® System of the Guelph and District Association of REALTORS^®, home sales numbered 332 units in April 2017. This was down 14.9% from the April record last year.

On a year-to-date basis, home sales totalled 1,183 units over the first four months of the year. This was a record for the period, up 3.8% from 2016.

“While home sales were down from last year’s record month of April they remain strong, more or less tied with 2015 for the second best April on record,” said Kim Hannah, President of the Guelph and District Association of REALTORS^®. “Part of that may reflect the fact that there were almost twice as many listings available for sale a year ago. When that excess demand is not converted into sales, we see it on the price side.”

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