Royal LePage Royal City Realty FEBRUARY Market Snapshot
Royal LePage Royal City Realty has released their FEBRUARY 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-february-market-report-royal-city-realty
The City of Guelph real estate market is starting to see a small dip in demand, as expired listings and average days-on-market rise.
This can be explained by a slight rise in inventory, and international events putting stress on all markets. Despite this, average and
median sales prices remain remain high and do not show any signs of going down.
Centre-Wellington – centre-wellington-february-market-report-royal-city-realty
Centre-Wellington remains in a sellers market in February. Lack of inventory is still an issue as unit sales and new listings go down, while
median and average sale prices continue to rise. This market will continue to be extremely competitive until inventory catches up with demand.
Guelph-Eramosa – guelph-eramosa-february-market-report-royal-city-realty
The real estate market in Guelph/Eramosa continues to show rising average and median sale prices, most likely due to the lack of inventory. Unit sales and new listings are down 20% from this time last year, which is keeping the market very competitive.
The Puslinch real estate market slowed down a bit this month as inventory and unit sales drop lower compared to this time last year. The only stats that seem to consistently rise compared to 2021 are the average and median sale prices, which means that demand remains relatively high in this market.
Wellington County – wellington-county-february-market-report-royal-city-realty
The Wellington County real estate market remains a strong sellers market driven by high demand. Though we are seeing an slight increase
in inventory, average sale prices continue to rise due to the competitive nature of this market.
Halton Hills – halton-hills-february-market-report-royal-city-realty
Demand for homes in Halton Hills stays strong as sales volume and unit sales rise. The lack of inventory is driving up competition in this market, as can be seen by the rise in median and average sale prices.
The Waterloo region real estate market continues to show high demand as average sale prices continue to rise. Inventory seems to be slowly rising as well, though it is not yet enough to keep up with demand in this market.
The Hamilton real estate market continues to be extremely competitive as median and average sales prices rise. We are seeing a bit more inventory than than we have in recent months, which may lead to more balanced conditions.