Market Snapshot OCTOBER Royal LePage Royal City Realty
Royal LePage Royal City Realty has released their OCTOBER 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-market-snapshot-royal-lepage-royal-city-realty
The City of Guelph real estate market swings backwards into a balanced market due to a drop in unit sales and sales volume, paired
with an increase of inventory. Average and median sales prices remain higher than they were in October of 2022, showing the
continued fortitude of this market.
Centre Wellington – centre-wellington-market-snapshot-royal-lepage-royal-city-realty
Centre Wellington remains a balanced market this month due to a another small rise in inventory, and a decrease in sales. Average and median sale prices have also dropped below where they were this time last year, showing that this market may remain balanced for a bit longer.
Guelph Eramosa – guelph-eramosa-market-snapshot-royal-lepage-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 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 just barely remains a balanced market this month. The median sale price jumps up above where it
was last year by almost 30% while the average price remains lower, showing how volatile this market can be. 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-royal-lepage-royal-city-realty
Wellington County real estate remains a balanced market this month due to a continued increase in new listings, and a drop in unit sales and sales volume. Despite this shift in the market, average and median sale prices remain higher than they were this time last year, showcasing this market’s strong foundation.
The Waterloo region real estate remains a balanced market this month. Although sales volume and unit sales remain higher than they were last year, the inflow of inventory was relatively larger, keeping this market balanced.
Halton Hills – halton-hills-market-snapshot-royal-lepage-royal-city-realty
The Real Estate market in Halton Hills remains balanced this month. Monthly average median sale prices have jumped up above where
they were last year once again, showing some strength to this markets foundation.
The Hamilton real estate market remains in a balanced market this month. Monthly median and average sale prices have caught up almost exactly to where they were last year, showing some sign of stability for this market.