September brought some interesting trends to the Guelph real estate market, with shifts that both buyers and sellers should take note of. Home sale prices in the city rose by 2.2% compared to the same time last year, signaling steady growth for homeowners looking to sell. However, the average price per square foot dropped by 7.7%, which suggests that while overall prices are climbing, buyers may be getting more value for their money when it comes to the size of the home.

The number of listings also rose, with 334 homes hitting the market—an increase of 7.4% compared to last September. This expanding inventory offers more options for buyers who may have been waiting for a more favorable time to enter the market. Despite this increase in listings, demand remains strong, as Guelph saw a 25% rise in sales, with 130 homes sold in September. This indicates that buyers are still eager, even with more homes available, which is a positive sign for sellers.

For buyers, this means more options to choose from and possibly more space for your investment, given the drop in price per square foot. However, with sales on the rise, competition for well-priced homes could still be fierce. Sellers, on the other hand, can take heart in the steady price growth, but should be aware that increased inventory means they’ll need to make their properties stand out with competitive pricing and strong presentation.

In summary, Guelph's real estate market in September showcases a balanced environment—rising home prices, more listings, and increased sales. Both buyers and sellers have opportunities in this market, but success will depend on understanding the evolving trends and acting strategically.