The City of Guelph’s real estate market leaned further into buyer-friendly territory in May. The median sale price rose 1.72% to $798,500, while the average sale price dipped 1.27% to $823,518. Sales volume declined 6.66%, with unit sales down 5.46% to 173. Meanwhile, new listings surged by 17.59% and expired listings jumped 425%, increasing choice for buyers. With a unit sales-to-listings ratio of 38.62%, Guelph continues to present more opportunity for buyers in an increasingly competitive market.
