Royal LePage Royal City Realty AUGUST Market Snapshot
Royal LePage Royal City Realty has released their AUGUST 2021 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-market-snapshot-rlp-royal-city-realty
Overall sales activity has slowed for the month of August within the City of Guelph as summer comes to an end. Despite buyer fatigue, vacations, and back-to-school, the average and median sale prices of homes continue to increase. With building inventory and competitive sale prices, the market will remain strong as we close out Q3.
GUELPH-ERAMOSA – guelph-eramosa-august-market-snapshot-rlp-royal-city-realty
Despite Guelph/Eramosa’s small sample size, sales volume has seen a rise this month, and demand for new listings remains strong. The average and median sales prices in this area have surpassed 1 million dollars which has led to an increase in sales volume, although new listings and overall sales activity has slowed this month. With homes staying on the market for shorter periods of time and inventory low, now is a great time to list in this seller’s market.
CENTRE-WELLINGTON – centre-wellington-august-market-snapshot-rlp-royal-city-realty
The demand for homes within Wellington County shows no signs of slowing as we head into the fall months. Despite a decrease in new listings for August, the selling prices of homes in this area continue to climb and buyer demand remains steady. As a result, homes remain on the market for fewer days, suggesting a strong seller’s market. As we head into the fall we expect listings and sales to increase.
The Puslinch real estate market, while being a micro-market, continues to show strong sales numbers and consistent inventory of new listings. Prices continue to increase, leading to high sales volumes. Despite a decrease in sales this month, prices are competitive and in this seller’s market inventory is key. Homes are remaining on the market for fewer days and there are no signs of slowing activity in the coming months.
WELLINGTON COUNTY – wellington-county-august-market-snapshot-rlp-royal-city-realty
The housing marketing in Wellington County continues to show a strong seller’s market for this month. The high demand for inventory in this area has pushed the price of homes upwards, resulting in an increased sales volume this month. Over 90% of homes listed for sale in this area have sold and as a result, average sales prices are still increasing. Homes are selling quickly and competitively, making this a great time to sell. We expect more sales activity in the coming weeks as more inventory comes to market and buyers re-enter the market after taking a summer break.
HALTON HILLS – halton-hills-august-market-snapshot-rlp-royal-city-realty
The market in Halton Hills shows steady demand for homes as we head into the coming months. Inventory is keeping up with demand for homes in this area and homes are remaining on the market for fewer days. Although there is a decrease in sales due to declining listing activity, demand persists and continues to push sales prices upwards in this competitive market.
With new listings down over 30% since this time last year, Hamilton continues to show a strong seller’s market for the month of August. With a lack of supply, overall sales activity has been slow in this area, but over 85% of homes that have been listed on the market this month have sold. A competitive real estate market continues to force home prices upward, making this a great time to list.