Market Snapshot AUGUST 2023 Royal LePage Royal City Realty
Royal LePage Royal City Realty has released their AUGUST 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!
The City of Guelph real estate market continues to be a seller’s market this month, as a lack of inventory further pushes the market. Despite the lack of inventory, monthly sales volume and unit sales, as well as median and average sale prices were higher than they
were in August of last year.
CENTRE-WELLINGTON – centre-wellington-market-snapshot-aug_2023_royal-lepage-royal-city-realty
Centre Wellington remains a seller’s market this month as the lack of inventory continues to uphold the market. We are seeing a consistent jump in both unit sales and sales volume this month, and median and average sale prices have either caught up, or surpassed what they were in August of 2022.
The real estate market in Guelph/Eramosa remains a balanced market this month due to the fluctuation in inventory. Average and median sale prices have dropped a bit compared to last year, likely caused by the small jump in inventory. It is important to note that
this market is smaller, and more prone of erratic change.
The Puslinch real estate market remains a balanced market in August. Though they continue to rise above where they were last
month, the average and median sale prices remain below where they were last year due to the volatility of this market. 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-aug_2023_royal-lepage-royal-city-realty
Wellington County real estate remains a seller’s market this month despite inventory being higher than they were this time last year. Though both unit sales and sales volume are lower then they were last month, they are still both higher than August of 2022, showing that this market is stabilizing, and is just seeing a normal dip that happens during this time of year.
The Waterloo region real estate market remains a seller’s market this month. A lack of inventory continues to push the market despite seeing more new listings than we did this time last year. Average and median sale prices also remain higher than this time last year.
The Real Estate market in Halton Hills remains high balanced this month. Monthly average median sale prices continue to rise higher than they were last year, but the year to date average and median sale prices have yet to catch up.
The Hamilton real estate market remains in a balanced market this month. Monthly median and average sale prices are still higher than they were last year, showing that this market is still on a solid foundation.