Royal LePage Royal City Realty SEPTEMBER Market Snapshot

Royal LePage Royal City Realty has released their SEPTEMBER 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-rc-market-snapshot-september-2022

Balanced Market:  The City of Guelph real estate market remains balanced. This is caused by a significant increase in new listings this month and a drop in unit sales compared to this time last year. However, the year-to-date 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-rc-market-snapshot-september-2022

Balance Market: Centre Wellington remains a balanced market this month. Unit sales continue to dip below where there were this time last year, while new listing for this month have risen by almost 100%. 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-rc-market-snapshot-september-2022

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 monthly median sale price has dropped below what it was this time last year, which may be a sign of some larger changes coming in the near future.

 

Puslinch – puslinch-rc-market-snapshot-september-2022

Balanced Market: The Puslinch real estate market remains a balanced market this month. This month’s sales volume exceeded last September’s by over 100%, causing both median and average sale prices to rise with it. This shows promise for the strength of this market’s foundation. It is good to keep in mind that since this market is smaller, it is more prone to erratic change.

 

Wellington County – wellington-county-rc-market-snapshot-september-2022

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 lower number of unit sales. The year-to-date average and median sales prices still remain higher than they were this time last year, which proves that this market is still a great place for both buyers and sellers!

 

Waterloo – waterloo-rc-market-snapshot-september-2022

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 continue to see both the month-to-month average and median prices drop below what they were this time last year, which may hint at a larger shift coming to this market in the future.

 

Halton Hills – halton-hills-rc-market-snapshot-september-2022

Balanced Market:  The Real Estate market in Halton Hills remains balanced due to a consistent rise of new listings, countered a continued lower amount of unit sales. Median sale prices remain slightly higher than this time last year, showing that this market is still great for both buyers and sellers.

 

Hamilton – hamilton-rc-market-snapshot-september-2022

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. Monthly average and median sale prices have also dropped lower than they were this time last year, which may be a sign of some larger changes to this market.