Royal LePage Royal City Realty JULY Real Estate Market Snapshot
Royal LePage Royal City Realty has released their JULY 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-july-royal-city-realty-market-snapshot
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 foundation for this market.
Guelph-Eramosa – guelph-eramosa-july-royal-city-realty-market-snapshot
Balanced Market – The real estate market in Guelph/Eramosa remains in balanced territory as sales decrease 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.
Centre-Wellington – centre-wellington-july-royal-city-realty-market-snapshot
Balanced Market – Centre Wellington remains a balanced market this month. Though unit sales have dipped, lower inventory is keeping demand up. Median and average sale prices continue to rise, showing that this market has a solid foundation for both buyers and sellers.
Balanced Market – The Puslinch real estate market remains in balanced territory due to rising inventory and a relative dip in unit sales compared to this time last year. 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-july-royal-city-realty-market-snapshot
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.
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 are seeing both the month-to-month average and median prices drop below what they were this time last year, which may indicate a larger market shift coming in the future.
Halton Hills – halton-hills-july-royal-city-realty-market-snapshot
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 are staying high which shows this market is now accessible for buyers and a great opportunity for sellers.
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. However, average and median sale prices remain higher than last year, making this market a good opportunity for both buyers and sellers.