Market Snapshot JULY 2023 Royal LePage Royal City Realty

Royal LePage Royal City Realty has released their JULY 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_july_market-snapshot_rlp-royal-city-realty

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 July of last year.

 

Guelph Eramosa – guelph-eramosa_july_market-snapshot_rlp-royal-city-realty

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 month, likely caused by the small jump in inventory. It is important to note
that this market is smaller, and more prone of erratic change.

 

Centre-Wellington – centre-wellington_july_market-snapshot_rlp-royal-city-realty

Centre Wellington remains a seller’s market this month as the lack of inventory continues to push the market upwards, while holding back unit sales and sales volume. The average and median sale prices have also been pushed as a result, but have yet to reach where they were this time last year.

 

Puslinch – puslinch_july_market-snapshot_rlp-royal-city-realty

The Puslinch real estate market remains a balanced market in July. Though they have risen 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_july_market-snapshot_rlp-royal-city-realty

Wellington County real estate remains a seller’s market this month despite inventory and expired listing being higher than they were this time last year. Though both unit sales and sales volume are lower than they were last month, they are still both higher than July of 2022, showing that this market is stabilizing, and is just seeing a normal dip that happens during this time of year.

 

Halton Hills – halton-hills_july_market-snapshot_rlp-royal-city-realty

The Real Estate market in Halton Hills remains balanced this month, while we see new listings dip below what they were in July of last year. Monthly average median sale prices have risen a bit compared to last month, and are still both higher than they were this time last year.

 

Waterloo – waterloo_july_market-snapshot_rlp-royal-city-realty

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. We are also continuing to see a slow rise in average and median sales prices throughout the year.

 

Hamilton – hamilton_july_market-snapshot_rlp-royal-city-realty 

The Hamilton real estate market drops down into a balanced market this month, likely due to the small jump in inventory. Sale numbers and averages are still up compared to this time last year, which shows a strengthening foundation for this market.