MARCH 2024 MARKET REPORT

comprehensive review of our local real estate market

 

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The March Real Estate market in Guelph unfolded with a slight dip in home sales, marking a 3.8% decrease compared to February this year. However, there's a glimmer of positivity when viewed through the lens of the past year, with a modest 1.1% uptick, and a substantial 51% leap when compared to the market conditions five years ago.

March also witnessed a surge in new listings, totalling 290 and reflecting a notable 29.5% increase from February 2024. This surge, coupled with a 16% increase compared to the previous year, and a 9.8% rise from five years ago, suggests a dynamic market with growing seller engagement.

However, amidst this influx of new listings, the number of homes sold in March stands at 166. While this represents an 11.4% increase from the previous month, there's a notable 9.8% decrease from March 2023, and a 13.5% decline from five years ago.

While the month observed a retreat in home sales, the resilience is evident in the year-over-year growth and the substantial leap from five years ago. The surge in new listings underscores ongoing market activity and potential opportunities for both buyers and sellers, amidst the fluctuations in sales figures compared to previous years.

Check out this month’s report to view the market conditions for Guelph, Kitchener, Waterloo and surrounding areas.

 
 
 

2023 Year in Review Market Update

comprehensive review of our local real estate market

 

click below to view & DoWNLOAD

 
 
 
 
 
 
 

The median sale price of Guelph homes increased 12.8% in 2022. Your home could be worth much more than you think!

Request a free home evaluation below and one of our local real estate experts will provide you with a comprehensive & up-to-date report for your home.

 
 
 
 
 
 
 
 
 

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