October Market UpdateThings seem to be trending upwards
Fall is upon us and the Guelph real estate market seems to have rebounded in October slightly compared to the trends over the past few months. For the first time since July, for example, the median sales price has increased for all homes except condo apartments. The number of sales has been increasing while the number of listings decreasing so the Sales:Listings indicator has maintained in the Sellers’ Market range. This particular trend is emphasised for detached homes but remains generally true across all housing types.