Royal LePage Royal City Realty OCTOBER Market Snapshot

Royal LePage Royal City Realty has released their OCTOBER 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-royal-lepage-royal-city-oct-market-snapshot

Balanced Market – The City of Guelph real estate market remains balanced. New listings continue to rise as unit sales remain consistently lower than this time last year. However, the year-to-date average and median sales prices are still higher than they were this time last year, which proves that this market still has a strong foundation.

Centre-Wellington – centre-wellington-royal-lepage-royal-city-oct-market-snapshot

Balanced Market – Centre Wellington remains a balanced market this month. Unit sales continue to dip below where they were this time last year, while new listing continue to rise consistently. Median and average sale prices continue to rise, showing that this market has a solid foundation for both buyers and sellers.

Guelph-Eramosa – guelph-eramosa-royal-lepage-royal-city-oct-market-snapshot

Balanced Market – The real estate market in Guelph-Eramosa remains in balanced territory as sales decrease and unit sales rise compared to this time last year. The year-to-date average and median sales prices are still higher than this time last year, which proves that this market still has a solid foundation.

Puslinch – puslinch-royal-lepage-royal-city-oct-market-snapshot

Balanced Market – The Puslinch real estate market remains a balanced market this month since unit sales continue to decline while new listings continue to rise steadily. The year-to-date average and median sales prices are still higher than this time last year, showing a strong
foundation for this market. It is good to keep in mind that since this market is smaller, it is more prone to erratic change.

Wellington County – wellington-county-royal-lepage-royal-city-oct-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 steady decline in unit sales. The year-to-date average and median sales prices still remain higher than they were this time last year, which shows that this market still has a solid foundation.

Halton Hills – halton-hills-royal-lepage-royal-city-oct-market-snapshot

Balanced Market – The Real Estate market in Halton Hills remains balanced despite seeing a spike in unit sales this month compared to October of last year. Median sale prices remain slightly higher than this time last year, showing that this market is still great for both buyers and sellers.

Waterloo Region – waterloo-region-royal-lepage-royal-city-oct-market-snapshot

Balanced Market – The Waterloo region real estate market remains balanced this month after having a continued surge in inventory and a small dip in unit sales. We are finally seeing the year-to-date average sales price dropping below what it was this year, which may hint at a larger shift coming to this market in the future.

Hamilton – hamilton-royal-lepage-royal-city-oct-market-snapshot

Balanced Market – The Hamilton real estate market remains balanced this month as inventory continues to steadily rise and unit sales drop lower than they were this time last year. The year-to-date average sales price have also dropped below what it was this time last year, which may be a sign of some larger changes to this market.