5. Market Reports - August 2023

CITY OF GUELPH - AUGUST 2023 MARKET REPORT 

The City of Guelph real estate market continues to be a seller’s market this month, as a lack of inventory further pushes the market. Despite the lack of inventory, monthly sales volume and unit sales, as well as median and average sale prices were higher than they were in August of last year.

GUELPH/ERAMOSA - AUGUST 2023 MARKET REPORT 

The real estate market in Guelph/Eramosa remains a balanced market this month due to the fluctuation in inventory. Average and median sale prices have dropped a bit compared to last year, likely caused by the small jump in inventory. It is important to note that this market is smaller, and more prone of erratic change.

CENTRE WELLINGTON - AUGUST 2023 MARKET REPORT 

Centre Wellington remains a seller’s market this month as the lack of inventory continues to uphold the market. We are seeing a consistent jump in both unit sales and sales volume this month, and median and average sale prices have either caught up, or surpassed what they were in August of 2022.