Royal LePage Royal City Realty MARCH Market Snapshot!
Royal LePage Royal City Realty has released their MARCH 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!
The City of Guelph is seeing balance creep into the real estate market, as days on market increase slightly. However, there is still
plenty of demand as average and median sales prices have continued to rise.
Centre Wellington – centre-wellington-market-snapshot-royal-lepage-royal-city-realty_2022
Centre Wellington remains in a seller’s market in March. We are seeing a small bump in inventory which is a good sign as demand for the area remains high. Average and median sales prices continue to rise as well.
The real estate market in Guelph/Eramosa shows signs of a small dip in demand as there was a 10% increase in new listings this month compared to March 2021, but a 16% drop in unit sales compared to March 2021. Despite this, average and median sales prices continue to rise.
The Puslinch real estate market continues to show signs of high demand as median and average sales prices continue to rise. Low inventory seems to be the only thing holding this market back.
Wellington County – wellington-county-market-snapshot-royal-lepage-royal-city-realty_2022
The Wellington County real estate market remains a seller’s market as high demand continues to drive sales. We are seeing less new listings
than this time last year, which is further tightening this market, but demand is showing signs of lessening.
The Waterloo region real estate market continues to show high demand as average sale prices continue to rise. Inventory is lacking a bit this month compared to this time last year, which is adding to the competitiveness of the market.
The Real Estate market in Halton Hills continues to show that a lack of inventory continues to hold sales back as high demand persists. As a
result the market remains quite competitive and average and median sales prices continue to rise.
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.