Market Snapshot APRIL 2023 Royal LePage Royal City Realty

Royal LePage Royal City Realty has released their APRIL 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-april-2023_market-snapshot

Seller’s Market – The City of Guelph real estate market shifts into a seller’s market this month. A lack of inventory is pushing the market while keeping both unit sales and sales volumes low. Despite this, the average sales prices are still rising compared to the previous months this year.

 

Centre-Wellington – centre-wellington-april-2023_market-snapshot

Seller’s Market – Centre Wellington shifts into a seller’s market this month for the first time since 2022. A lack of inventory is pushing the market while holding back unit sales and sales volume.

 

Guelph-Eramosa – guelph-eramosa-april-2023_market-snapshot

Seller’s Market – The real estate market in Guelph/Eramosa has turned into a seller’s market this month due to the lack of inventory pushing the market. The unit sales and sales volume however, are being held back by the low inventory. It is important to note that this market is smaller, and more prone of erratic change.

 

Puslinch – puslinch-april-2023_market-snapshot

Balanced Market – The Puslinch real estate market remains a balanced market in April, while seeing a small rise in both unit sales and new listings. The year-to-date and monthly median sales prices have both risen above what they were this time last 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-april-2023_market-snapshot

Seller’s Market – Wellington County real estate shifts into a seller’s market this month as a lack of inventory gives the market a push. The lower number of new listings is also holding back both unit sales and sales volume. Despite this, monthly average and median sale prices remain on a steady rise month to month.

 

Halton Hills – halton-hills-april-2023_market-snapshot

Balanced Market – The Real Estate market in Halton Hills remains balanced this month, while we see unit sales and new listings dip below what they were in April of last year. Monthly median sale price continue to be lower than what they were in 2022, but have stayed relatively stable since late summer of last year.

 

Waterloo – waterloo-april-2023_market-snapshot

Seller’s Market – The Waterloo region real estate market remains shifted into a seller’s market this month. A lack of inventory is pushing the market while holding back unit sales and sales volume.

 

Hamilton – hamilton-april-2023_market-snapshot

Seller’s Market – The Hamilton real estate market shifts into a seller’s market this month after a lack of inventory has pushed the market, while still holding back both unit sales and sales volume. Monthly median and average sales prices seem to be staying steady despite the changes we are seeing in the market.