Royal LePage Royal City Realty MAY Market Snapshot

 In Royal City Realty Market Snapshot

Royal LePage Royal City Realty has released their MAY 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.

City of Guelphcity-of-guelph-may-royal-lepage-royal-city-realty-market-report
Demand remained extremely high for real estate in the City of Guelph for the month of May. Supply also continued to increase, allowing for sales volumes to move up. With listings staying on the market for shorter periods of time, there is no sign of sales activity slowing down in the coming months.

Guelph-Eramosaguelph_eramosa-may-royal-lepage-royal-city-realty-market-report
The month of May in Guelph/Eramosa showed increasingly high sales volumes, brought on by increased listing activity and homes remaining on the market for short time frames. This strong demand is driving up sales prices and unit sales, making this a great time for Sellers.

Centre-Wellingtoncentre-wellington-may-royal-lepage-royal-city-realty-market-report
The numbers for May show that demand for homes in Centre Wellington remains strong. Overall sales activity is continuing to climb, with new listings hitting the market and unit sales continuing to increase. The strong demand for homes is resulting in higher sales prices and an overall increase in sales volume for this area.

Puslinchpuslinch-may-royal-lepage-royal-city-realty-market-report
The Puslinch real estate market, while being a micro-market, continues to show very strong sales numbers and a consistent inventory of new listings. Prices continue to increase exponentially, leading to high sales volumes. If supply continues to keep up to demand, there are no signs of slowing down in the coming months.

Wellington Countywellington-county-may-royal-lepage-royal-city-realty-market-report
The housing market in Wellington County continues to show a strong seller’s market with significant increases in overall sales activity. The high demand for inventory in this area has pushed the price of homes upwards, resulting in an increased sales volume this month. Homes are remaining on the market for fewer days and with 50% fewer expired listings, there is no sign of sales activity slowing down in the coming months.

Halton Hillshalton-hills-may-royal-lepage-royal-city-realty-market-report
The demand for real estate in Halton Hills is up this month, showing strong overall sales activity. Units sales have increased and with new listings not quite keeping up with demand, this area is a seller’s market. There are fewer expired listings and homes are remaining on the market for a shorter period of time. The real estate market in this area is predicted to remain strong as we head into the coming months.

Hamiltonhamilton-may-royal-lepage-royal-city-realty-market-report
The numbers for May continue to show that demand for houses in the Hamilton area remains strong. Overall sales activity is up this month, with an increase in unit sales, as well as new listings hitting the market. The strong demand for homes is resulting in higher sale prices and an overall increase in sales volume for this area. Sales activity for real estate is forecasted to remain strong as we continue Q2.

 

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