MLS Market Analysis – October 28

Recent data published in the Real Estate Update from the Guelph & District Association of REALTORS® confirms that 2011 is trending as a firm sellers’ market.

Here is some Guelph real estate information, by the numbers:

  • The number of homes sold year-to-date in Guelph (including detached and semi-detached homes, townhouses and apartment units) is 1,606. That number at this time of year in 2010 was 1,621, so we are trending down 1 per cent in 2011.
  • The average sales price year-to-date is $297,942 – up 2 per cent from 2010’s average at this time of year.
  • Average days on market in Guelph is 38.
  • The sale-to-listing ratio in Guelph is 74 per cent.

All in all, the numbers point to the conclusion that we are in a firm sellers’ market in Guelph.

For more information about Guelph real estate trends, please feel free to contact me.

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