May 2025 Market Update

In May 2025, Guelph’s real estate market showed signs of holding steady—at least when it comes to prices. The median sale price in the city rose slightly by 1.1% from last year, landing at $798,500. But beyond that small price increase, the overall pace of the market continued to slow. Homes took a bit longer to sell, now averaging 15 days on the market, and both the number of listings and the number of sales dropped significantly compared to last May.

For buyers, this shift could mean less pressure. With fewer buyers actively making offers and homes sitting on the market a bit longer, there's more time to make thoughtful decisions and potentially negotiate a better deal. That said, with 23% fewer homes available, the selection may feel more limited—especially for those looking for specific features or locations.

Sellers, on the other hand, can take comfort in the fact that prices are holding up, but they may need to adjust their expectations around timing and demand. The pool of active buyers is smaller, which means it's more important than ever to price competitively and present homes well to attract serious interest.

In summary, May's numbers show a market that's balancing itself. Prices remain strong, but activity has slowed—fewer listings, fewer sales, and slightly longer selling times. For both buyers and sellers, success in this market will come from patience, preparation, and knowing how to make the most of current conditions.