February 2025 Market Update

The Guelph real estate market in February 2025 continued to show resilience in home prices, with a 3.3% increase in median sale price compared to last year, reaching $775,000. However, the overall market pace has shifted, with a notable decline in both new listings and sales activity. With only 267 homes hitting the market—down 21.5% from last year—and sales dropping significantly by 47.1%, buyers and sellers are facing a different dynamic than in previous years.

For buyers, the good news is that homes are selling slightly faster, with a median of just 14 days on the market. However, fewer listings mean limited choices, and well-priced homes are likely to attract competitive interest. Sellers, on the other hand, can take confidence in rising prices but may need to be patient as fewer buyers are actively making purchases.

Overall, February’s numbers suggest a market in transition—pricing remains strong, but lower inventory and sales volume indicate a more cautious approach from both buyers and sellers. As we move into the spring market, shifting economic factors, including interest rates and buyer confidence, will play a key role in shaping activity in the months ahead.