Royal LePage Royal City Realty MAY Real Estate Market Snapshot
Royal LePage Royal City Realty has released their MAY 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-may-real-estate-market-report-rlp-royal-city-realty
The City of Guelph real estate market just barely dips into a balanced market as new listings this month increased and unit sales
dropped compared to this time last year. We are continuing to see a consistent growth in median and average sales prices despite this,
which shows sign of a strong foundation for this market.
Centre-Wellington – centre-wellington-may-real-estate-market-report-rlp-royal-city-realty
Centre-Wellington remains in a seller’s market in May, but is definitely showing signs of balancing out. We are seeing much more inventory than we did this time last year with a slight drop in unit sales as well. Despite this, the continuous rising of the median and average sale prices, shows that this market still has a high demand.
Guelph-Eramosa – guelph-eramosa-may-real-estate-market-report-rlp-royal-city-realty
The real estate market in Guelph/Eramosa falls into a balanced market as inventory grows and sales fall short compared to this time last year. This market if known to fluctuate in a more volatile way due to its typically smaller inventory when compared to other markets. Median and average sales prices have consistently shown growth, meaning that this market still has a strong foundation.
Puslinch – puslinch-may-real-estate-market-report-rlp-royal-city-realty
The Puslinch real estate market remains a balanced market due to a small jump in inventory and a large dip in unit sales compared to this time last year. Year to date average and median sales prices remain higher than last year, showing there is still relatively high demand in this market.
Wellington County – wellington-county-may-real-estate-market-report-rlp-royal-city-realty
The Wellington County real estate market just barely dips into a balanced market with a sales/listing ratio of 60.2%. This is caused by a jump in inventory across all of Wellington County’s sub-markets, and a decrease on average in unit sales. Despite this, this market maintains a strong foundation.
Waterloo – waterloo-may-real-estate-market-report-rlp-royal-city-realty
The Waterloo region real estate market just barely dips into a balanced market this month after having a surge in inventory, and a dip in unit sales. Despite this, we continue to see the average and median sales prices continue to rise, showing that the foundation of this market remains strong.
Halton Hills – halton-hills-may-real-estate-market-report-rlp-royal-city-realty
The Real Estate market in Halton Hills remains in a balanced market due to a continued rise in new listings and a drop in unit sales. Despite this, demand seems to remain strong as average and median sale prices rise.
Hamilton – hamilton-may-real-estate-market-report-rlp-royal-city-realty
The Hamilton real estate market dips into a balanced market this month as inventory continues to rise and unit sales drop lower than they were this time last year. Median and average sales prices continue to rise as well showing that this market still has a strong foundation.