Market Snapshot MARCH Royal LePage Royal City Realty

Royal LePage Royal City Realty has released their MARCH 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-march-market-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, but have
stayed relatively consistent since August of 2022.

 

Centre-Wellington – centre-wellington-march-market-snapshot-royal-lepage-royal-city-realty

Centre Wellington remains a balanced market this month. Both unit sales and new listings have dropped below where they were this time last year. Median and average sale prices continue to drop below what they were this time last year but are on rise compared to the past few months.

 

Guelph-Eramosa – guelph_eramosa_-march-market-snapshot-royal-lepage-royal-city-realty

The real estate market in Guelph/Eramosa continues to be a balanced market, due to a similar drop in both unit sales and new
listings compared to this time last year. The average and median sales prices are lower than they were last year, but are have been
stable for the past months. It is important to note that this market is smaller, and more prone of erratic change.

 

Puslinch – puslinch-_-march-market-snapshot-royal-lepage-royal-city-realty

The Puslinch real estate market remains a balanced market in March, while seeing a rise in unit sales and a drop in new listings compared
to March of last year. 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-_-march-market-snapshot-royal-lepage-royal-city-realty

Wellington County real estate remains a balanced market this month as both unit sales and new listings are lower than they were this time last year. Average and median sale prices are still lower than they were this time last year, but seem to be slowly catching up to where they were mid-late 2022.

 

Waterloo – waterloo-_-march-market-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, but have remained steady for the past few months.

 

Halton Hills – halton-hills-_-march-market-snapshot-royal-lepage-royal-city-realty

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 March of last year. Monthly average and median sale prices continue to be lower than what they were in 2022, but have stayed relatively stable since late summer of last year.

 

Hamilton – hamilton-_-march-market-snapshot-royal-lepage-royal-city-realty

The Hamilton real estate market continues to be 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, but have stayed consistent since July-August of last year.