January 2024 Market Snapshot Royal LePage Royal City Realty

 In Royal City Realty Market Snapshot

Royal LePage Royal City Realty has released their JANUARY 2024 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 Guelphcity-of-guelph_january-market-snapshot_royal-city-realty
The City of Guelph real estate market start off the new year as a balanced market due to an increase in inventory compared to this time last year, and a small drop in unit sales. Despite this, both the average and median sale prices remain higher than they were last year, proving that this market has a strong foundation.


Centre Wellington remains a balanced market while entering the new year. A jump in sales volume and unit sales was accompanied by an even greater jump in inventory, holding Centre Wellington in it’s balanced market.


The real estate market in Guelph/Eramosa enters 2024 as a balanced market. Average and median sale prices are much higher
than they were this time last year, as is this month’s sales volume. Despite this, a jump in inventory holds this market back. It is
important to note that this market is smaller, and more prone of erratic change.


The Puslinch real estate market starts off 2024 with a low unit sales to listings ratio due to there only being one unit sale this month. Since this is normally a volatile market, we do not consider this substantial data in order to decide weather this market has moved to a buyers market from it’s previously balanced state.


Wellington Countywellington-county_january-market-snapshot_royal-city-realty
The Wellington County Real Estate market starts 2024 off as a balanced market. The average sale price is a bit higher than it was at the start of 2023, which can be reflected in the jump in sales volume despite the small drop in unit sales. We have also seen a rise in inventory which is holding this market in a balanced market.


The Waterloo region real estate market begins the year as a balanced market due to an even rise in both invenotry and unit sales. The median and average sale prices have remained relativley the same as they were last year, implying that this market may remain balanced for a while longer.


Halton Hillshalton-hills_january-market-snapshot_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.


The Hamilton real estate market starts the new year off as a balanced market due to a jump in unit sales, and a small dip in inventory. Both median and average sales prices are also higher than they were last year, pushing this market closer to a seller’s market.

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