October brought steady growth to Guelph's real estate market, signalling potential opportunities for both buyers and sellers. Home sale prices rose by 1.3% over last October, showing that while prices are increasing, the pace remains moderate. The average sale price per square foot dipped slightly by 0.6%, suggesting that buyers may be able to find a bit more value for their dollar, with price increases not outpacing the size of homes.

Inventory also expanded, with 306 homes listed—a 15% increase compared to last year. This larger selection gives buyers more options, while also encouraging sellers to position their homes competitively to stand out. Despite the increased listings, demand was strong, as Guelph saw a notable 28.8% rise in sales, with 143 homes sold in October. This jump in activity underscores a healthy level of interest from buyers, suggesting that demand is keeping up with the expanding inventory.

For buyers, this combination of more listings and stable prices means there’s a wider pool of homes to consider, potentially with less pressure to compromise. Sellers, meanwhile, can benefit from the ongoing price growth but should remain mindful of the increased competition. Presenting and pricing their properties attractively will be key to capturing attention in this active market.

In summary, the October market in Guelph presents a balanced scenario, with steady price increases, growing listings, and strong sales. Both buyers and sellers can find value in this environment, but strategic choices will make the difference in this competitive landscape.