Market Snapshot February 2023 Royal LePage Royal City Realty
Royal LePage Royal City Realty has released their FEBRUARY 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-feb-2023-mark-snapshot-royal-lepage-royal-city-realty
The City of Guelph real estate market continues the year as a balanced market. Both new listings and unit sales drop lower than
this time last year. The year-to-date average and median sales prices continue to dip lower than they were this time last year, which may
show sign of larger changes coming to this market in the near future.
Centre-Wellington – centre-wellington-feb-2023-mark-snapshot-royal-lepage-royal-city-realty
Centre Wellington remains a balanced market this month. Unit sales continue to dip below where they were this time last year, while new listing continue to rise consistently. Median and average sale prices continue to drop below what they were this time last year implying there might be further changes to the market in the future.
Guelph-Eramosa – guelph-eramosa-feb-2023-mark-snapshot-royal-lepage-royal-city-realty
The real estate market in Guelph/Eramosa continues to be a balanced market, despite the drop in unit sales and the rise in new
listings. The year-to-date average and median sales prices are lower than they were this time last year, which could be a sign of larger
changes down the road. It is important to note that this market is smaller, and more prone of erratic change.
Puslinch – puslinch-feb-2023-mark-snapshot-royal-lepage-royal-city-realty
The Puslinch real estate market remains a balanced market as the year progresses, while seeing a drop in unit sales and a rise in new
listings compared to February of last year. The year-to-date average and median sales prices have dropped below what they were this
time last year, which may hint at some larger changes. It is good to keep in mind that since this market is smaller, it is more prone to
Wellington County – wellington-county-feb-2023-mark-snapshot-royal-lepage-royal-city-realty
Wellington County real estate continues the year as a balanced market despite the drop in unit sales we have continued to see for the past few
months. We are also seeing less inventory than this time last year, which also contributes to the market staying in a balanced state.
Halton Hills – halton-hills-feb-2023-mark-snapshot-royal-lepage-royal-city-realty
The Real Estate market in Halton Hills remains balanced as the year continues, while we see unit sales and new listings dip below what they
were in February of last year. Monthly average and median sale prices continue to be lower than what they were in 2022, which may indicate
some larger shifts coming this year.
Waterloo – waterloo-feb-2023-mark-snapshot-royal-lepage-royal-city-realty
The Waterloo region real estate market remains balanced this month after as both inventory and unit sales dip below what they were this time last year. The year-to-date average sales price continues to drop below what it was this time last year, which could be a sign for a larger shift this year.
Hamilton – hamilton-feb-2023-mark-snapshot-royal-lepage-royal-city-realty
The Hamilton real estate market continues the year as a balanced market, as both inventory and unit sales drop lower than they were this time last year. The year-to-date average sales price have also dropped below what it was this time last year, which may be a sign of some larger changes to this market this year.