07/09/2017

The Market is Cooling … Kinda SortaMixed Messages About The Future

So what’s going on in the market? The August 2017 Guelph Housing Market Report shows that median home prices have declined substantially during the summer, but the historical pricing is only one indicator that shows what was rather than what may be coming. The sales-to-new-listings ratio, which is the best indicator of the market supply and demand, has increased compared to July and remains firmly in the territory of a sellers’ market. Inventory of houses available for sale may become tight one again, though yesterday’s bank interest rate hike may have a ripple effect through the local housing market as well.

Regardless of the exact direction the market is heading, though, Guelph real estate is still a stable and secure investment.

Download the full market data and analysis for some takeaways from the Guelph Housing Market Report.

 

At Home Group Realty Leadership Team