Market Snapshot MAY 2023 Royal LePage Royal City Realty

Royal LePage Royal City Realty has released their MAY 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-may-2023_market-snapshot

The City of Guelph real estate market continues to be a seller’s market this month, as a lack of inventory pushes the market while
keeping both unit sales and sales volumes low. Despite this, the average sales prices continue to rise consistently.

 

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

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 seem to remain stable to where they were last month.

 

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

The real estate market in Guelph/Eramosa swings back into the high end of a balanced market this month due to the fluctuation in
inventory. Both average and median sale prices have also been in a decline for the past few months. It is important to note that this
market is smaller, and more prone of erratic change.

 

Puslinch – puslinch-may-2023_market-snapshot

The Puslinch real estate market remains a balanced market in May, while seeing a significant rise in both unit sales and new listings this
month. 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-may-2023_market-snapshot

Wellington County real estate remains 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, we are continuing to see both average and median sale prices rise
consistently for the past 3 months.

 

Waterloo – waterloo-may-2023_market-snapshot

The Waterloo region real estate market remains a seller’s market this month. A lack of inventory is pushing the market while holding back
unit sales and sales volume. We are also continuing to see a slow rise in average and median sales prices throughout the year.

 

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

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 May of last year. Monthly average median sale prices saw a significant jump this month, with the monthly average sale price even surpassing what it was in May of last year.

 

Hamilton – hamilton-may-2023_market-snapshot

The Hamilton real estate market remains a seller’s market this month after the lack of inventory continues to push the market, while 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.