Guelph Home Sales Continue To Rebound In October

According to statistics provided by the MLS® System of the Guelph and District Association of REALTORS®, home sales numbered 271 units in October 2017. This was down 9.1% from the record October reached last year.

That said, October 2017 sales were effectively tied with the same month in the years 2013-2015 for the second best month of October ever after 2016, so it was a historically strong showing.

On a year-to-date basis, home sales totalled 2,985 units over the first ten months of the year. This was a 7.8% decline from the October year-to-date record set in 2016.

“While home sales are still running below last year’s record levels, they have improved markedly over the last three months,” said Kim Hannah, President of the Guelph and District Association of REALTORS®. “When you look at the sales data adjusted for seasonality, activity has rebounded by about 33% since July.”

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