Royal LePage Royal City Realty JANUARY 2023 Market Snapshot

Royal LePage Royal City Realty has released their JANUARY 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-jan_23-market-snapshot-royal-lepage-royal-city-realty

The City of Guelph real estate market starts the year as a balanced market. New listings continue to rise as unit sales remain
consistently lower than this time last year. The year-to-date average sales price has finally fallen lower than it was last year, which may
indicate some larger changes coming in the new year.

CENTRE-WELLINGTON – centre-wellington-jan_23-market-snapshot-royal-lepage-royal-city-realty

Centre Wellington remains a balanced market to start the year. Unit sales continue to dip below where they were this time last year, while new listing continue to rise consistently. Median and average sale prices remain higher than they were this time last year, showing that this market has a solid foundation for both buyers and sellers going into the new year.

GUELPH-ERAMOSA – guelph-eramosa-jan_23-market-snapshot-royal-lepage-royal-city-realty

The real estate market in Guelph/Eramosa stays a balanced market to start off the year, as year-to-date sales decrease and unit sales
rise. The year-to-date average and median sales prices are still higher than this time last year, which shows proof of a strong
foundation to the market. It is important to note that this market is smaller, and more prone of erratic change.

PUSLINCH – puslinch-jan_23-market-snapshot-royal-lepage-royal-city-realty

The Puslinch real estate market remains a balanced market to start off the year, while seeing a small rise in unit sales and a drop in new
listings compared to January of last year. The year-to-date average and median sales prices are still higher than this time last year,
showing an overall solid foundation. It is good to keep in mind that since this market is smaller, it is more prone to erratic change.

WELLINGTON COUNTY – wellington-county-jan_23-market-snapshot-royal-lepage-royal-city-realty

Wellington County real estate starts the year as a balanced market despite the drop in unit sales we have continued to see for the past few
months. The YTD average and median sale prices are both still higher than they were this time last year, shows that this market maintained a
strong foundation for all of 2022.

WATERLOO – waterloo-jan_23-market-snapshot-royal-lepage-royal-city-realty

The Waterloo region real estate market remains balanced to start off the year after a continued surge in inventory and a dip in unit sales. The year-to-date average sales price continues to drop below what it was this time last year, which could be a sign for a larger shift this year.

HALTON HILLS – halton-hills-jan_23-market-snapshot-royal-lepage-royal-city-realty

The Real Estate market in Halton Hills remains balanced at the start of the year, while we see unit sales and new listings more than double what they were in January of last year. Monthly average and median sale prices continue to be lower than what they were in 2022, which may indicate some larger shifts coming this year.

HAMILTON – hamilton-jan_23-market-snapshot-royal-lepage-royal-city-realty

The Hamilton real estate market starts the year as a balanced market, as inventory continues to steadily rise and unit sales drop lower than they were this time last year. The year-to-date average sales price have also dropped below what it was this time last year, which may be a sign of some larger changes to this market in the new year.