Royal LePage Royal City Realty AUGUST Market Snapshot

 In Royal City Realty Market Snapshot

Royal LePage Royal City Realty has released their AUGUST 2022 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-august-2022-market-report-royal-city-realty

BALANCED MARKET – The City of Guelph real estate market remains balanced. This is caused by a significant increase in new listings this month and a drop in unit sales compared to this time last year. However, there is still consistent growth in median and average sale prices despite this, which shows sign of a strong market for both buyers and sellers.

Centre-Wellington – centre-wellington-august-2022-market-report-royal-city-realty

BALANCED MARKET – Centre Wellington remains a balanced market this month. Though unit sales have dipped, inventory remains low due to the smaller nature of this market, therefore keeping demand high. Median and average sale prices continue to rise, showing that this market has a solid foundation for both buyers and sellers.

Guelph-Eramosa – guelph-eramosa-august-2022-market-report-royal-city-realty

BALANCED MARKET – The real estate market in Guelph/Eramosa remains in balanced territory as sales decrease and unit sales rise compared to this time last year. Average and median sales prices remain significantly higher than this time last year, making this a
good market for both buyers and sellers.

Puslinch – puslinch-august-2022-market-report-royal-city-realty

BALANCED MARKET – The Puslinch real estate market hangs on to remain a balanced market this month. Rising inventory and a relative dip in unit sales compared to this time last year is the reason behind the lower Sales/Listing Ratio. It is good to keep in mind that
since this market is much smaller than others, making these statistics much more erratic.

Wellington County – wellington-county-august-2022-market-report-royal-city-realty

BALANCED MARKET – Wellington County real estate remains in a balanced market due to the consistent rise in inventory over the last few months, and a lower number of unit sales. Average and median sale prices still remain higher than last year’s, meaning that the foundation of this market is still strong.

Halton Hills – halton-hills-august-2022-market-report-royal-city-realty

BALANCED MARKET – The Real Estate market in Halton Hills remains balanced due to a consistent rise of new listings, countered by the relatively lower amount of sales. Median sale prices remain slightly higher than this time last year, showing that this market is still great for both buyers and sellers.

Waterloo – waterloo-august-2022-market-report-royal-city-realty

BALANCED MARKET – The Waterloo region real estate market remains balanced this month after having a continued surge in inventory and a dip in unit sales. We continue to see both the month-to-month average and median prices drop below what they were this time last year, which indicates a possible larger market shift coming in the near future.

Hamilton – hamilton-august-2022-market-report-royal-city-realty

BALANCED MARKET – The Hamilton real estate market remains balanced this month as inventory continues to rise and unit sales drop lower than they were this time last year. Monthly median sale prices have also dropped lower than they were this time last year, which may indicate a larger change in this market in the future.

 

 

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