Royal LePage Royal City Realty NOVEMBER Market Snapshot

 In Royal City Realty Market Snapshot

Royal LePage Royal City Realty has released their NOVEMBER 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. Feel free to connect with me through my website, by email or phone!

City of Guelph Market Snapshotcity-of-guelph-market-report-november2021

The market in the City of Guelph remains strong, showing a steady increase all around. Sales volume is up by almost 2 times as much as last February and the median sales prices continue to increase, rising 20% this month. The increase in new listings hitting the Guelph market is reassuring as unit sales also see an increase. Inventory is steady and demand remains strong.

Guelph-Eramosa Market Snapshotguelph-eramosa-market-report-november-2021

Listing activity has increased leading to more unit sales and a 50% increase in dollar sales volume. However, we remain in a strong seller’s market and prices have continued to increase substantially. A continued increase in inventory will provide more supply to our current market’s high demand and lead to more sales activity.

Puslinch Market Snapshotpuslinch-market-report-november-2021

While this micro market is subject to large swings in data and numbers, this market has still been incredibly busy compared to year’s past, particularly last year at this time. In spite of new listing activity dropping by almost a third year over year, we have seen very substantial increases in sales volume, unit sales and prices. Unprecedented demand continues to push this market, and increased listing activity may only lead to more sales.

Centre-Wellington Market Snapshotcentre-wellington-market-report-november2021

Centre Wellington continues it’s strong start to the year with significant dollar volume increases as unit sales have almost doubled since this time last year. Due to the increase in sales activity and high demand, median and average sales prices have increased significantly. Sales activity is still outpacing inventory but with new listing activity, we should see more sales.

Wellington County Market Snapshotwellington-county-market-report-november-2021

Wellington County continues to show a strong sellers market with increased sales prices resulting in a significant jump in sales volume. The demand for real estate in this area is evident with sales activity is up over 30%. This demand continues to put pressure on the market as inventory is seeing quick turnaround times.

Halton Hills Market Snapshothalton-hills-market-report-november-2021

An increase of new listings helps add supply to this market with significant demand. As listing activity and sales prices pick up, sales volume continues to climb in Halton Hills.

Hamilton Market Snapshothamilton-market-report-november-2021

Hamilton continues 2021 with a very strong real estate market. The median and average sales price of homes continue to rise by approximately 30%, leading to a higher dollar sales volume. Demand remains strong and will continue to push the real estate market upwards.

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