March 2025 Market Update

The Guelph real estate market continued to show signs of adjustment in March, reflecting broader trends of cautious consumer activity and reduced inventory.

Home sale prices experienced a modest decline, with the median sale price reaching $750,000—a 2% decrease compared to March of last year. While this dip may seem noteworthy, it suggests a stabilization in pricing rather than a significant downturn. Home values remain relatively strong, especially when viewed against the backdrop of market highs in recent years.

The time it takes to sell a home has remained relatively steady, with the median days on market sitting at 17 days—just a 1.7% increase year-over-year. This indicates that while buyers may be taking a slightly more measured approach, well-priced and well-presented properties are still moving in a timely fashion.

What stands out most in this month’s data is the sharp decline in both listings and sales. March saw only 300 new listings—a 30.2% drop from the previous year—and just 135 homes sold, representing a significant 44.7% decrease from February. These numbers suggest that many prospective sellers are holding off, perhaps waiting for greater market certainty, while buyers are proceeding with more caution.

For buyers, the current market presents an opportunity to navigate with less competition than in past spring markets. With prices showing some softness and inventory remaining limited, buyers who are patient and well-prepared may find good value. However, flexibility and readiness to act quickly when the right property becomes available remain important.

Sellers should approach the market with realistic expectations. Buyers are more price-sensitive and taking more time before making decisions. Homes that are strategically priced and professionally marketed still have the potential to stand out in this low-inventory environment, but success may require more preparation and precision than in recent years.

The data from March points to a market in transition—defined by fewer listings, reduced sales activity, and a slight dip in prices. While demand remains, both buyers and sellers are approaching the market with greater caution. Overall, Guelph is currently experiencing a more balanced environment, where thoughtful strategy and timing are essential to achieving success.