DECEMBER Market Snapshot Royal LePage Royal City Realty

 In Royal City Realty Market Snapshot

Royal LePage Royal City Realty has released their DECEMBER 2023 Market Snapshot. This is a great resource to find out about the real estate market in your area!  Of course, if you would like to know more about the local market, please do not hesitate to call me. If you would be interested in a Current Market Value Assessment of your home, I am happy to help. Feel free to connect with me through my website, by email or phone!

City of Guelph – city-of-guelph-market-snapshot_dec-2023_royal-lepage-royal-city-realty
The City of Guelph real estate market ends the year on the high end of a balanced market. Average and median sales prices remain higher than they were in December of 2022, showing the continued fortitude of this market.

 

Guelph-Eramosa – guelph-eramosa-market-snapshot_dec-2023_royal-lepage-royal-city-realty
The real estate market in Guelph/Eramosa remains a balanced market to end the year. We also saw an expected drop in unit sales due to the holiday season slowing things down. It is important to note that this market is smaller, and more prone of erratic change.

 

Centre-Wellington – centre-wellington-market-snapshot_dec-2023_royal-lepage-royal-city-realty
Centre Wellington remains a balanced market to finish off the year due to a rise in new listings and unit sales. Average and median sale prices have continued dropped below where they were this time last year, showing that this market may remain balanced in the new year.

 

Puslinch – puslinch-market-snapshot_dec-2023_royal-lepage-royal-city-realty
The Puslinch real estate market just barely remains a balanced market to end the year. The average and median sale prices also dropped much lower than they were this time last year, signaling this market may dip into a buyers market in the new year. It is good to keep in mind that since this market is smaller, it is more prone to erratic change.

 

Wellington County – wellington-county-market-snapshot_dec-2023_royal-lepage-royal-city-realty
Wellington County real estate remains a balanced market to end the year. Monthly average and median sale prices are more or less equal to what they were last year, showing that this market has a strong foundation. Despite the expected slow down caused by the holidays, this market still saw a small jump in inventory, and unit sales that kept up with it pretty well.

 

Waterloo – waterloo-market-snapshot_dec-2023_royal-lepage-royal-city-realty
The Waterloo region real estate market ends the year as a balanced market. This is helped by a continued rise in unit sales and a small drop in new listings. The average and median sale prices also seem to have caught up with last year’s prices, if not surpassed them.

 

Halton Hills – halton-hills-market-snapshot_dec-2023_royal-lepage-royal-city-realty
The Real Estate market in Halton Hills remains balanced this month due to a drop in both new listings and unit sales. Monthly average median sale prices remain above where they were last year once again, showing some strength to this markets foundation.

 

Hamiltonhamilton-market-snapshot_dec-2023_royal-lepage-royal-city-realty
The Hamilton real estate market remains in a balanced market to end off the year, due to an decrease in inventory and a rise in unit sales. Monthly median and average sale prices have caught up almost exactly to where they were last year, showing some sign of stability for this market.

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