Monthly Market Reports
October 2022
With The Simpson Team's real estate market reports, you'll get current data on Wellington County's housing market. We've made real estate data like average house prices, sales volume, and days on market readily available to you. This report's data evaluates year-to-date history as well as comparisons to the same time frame of the previous year.
These market reports are designed to give you insights on the Wellington County real estate market as well as separate communities within Wellington County such as Guelph, Centre Wellington, Guelph Eramosa, and Puslinch plus tree neighbouring communities - Halton Hills, Hamilton, and Waterloo so that you have a better understanding of where you want to live.
Wellington County
Wellington County real estate remains in a balanced market due to the consistent rise in inventory over the last few months, and a steady decline in unit sales. The year-to-date average and median sales prices still remain higher than they were this time last year, which shows that this market still has a solid foundation.
City of Guelph
The City of Guelph real estate market remains balanced. New listings continue to rise as unit sales remain consistently lower than this time last year. However, the year-to-date average and median sales prices are still higher than they were this time last year, which proves that this market still has a strong foundation.
Centre Wellington
Centre Wellington remains a balanced market this month. Unit sales continue to dip below where they were this time last year, while new listing continue to rise consistently. Median and average sale prices continue to rise, showing that this market has a solid foundation for both buyers and sellers.
Guelph Eramosa
The real estate market in Guelph/Eramosa remains in balanced territory as sales decrease and unit sales rise compared to this time last year. The year-to-date average and median sales prices are still higher than this time last year, which proves that this market still has a solid foundation.
Puslinch
The Puslinch real estate market remains a balanced market this month since unit sales continue to decline while new listings continue to rise steadily. The year-to-date average and median sales prices are still higher than this time last year, showing a strong foundation for this market. It is good to keep in mind that since this market is smaller, it is more prone to erratic change.
Halton Hills
The Real Estate market in Halton Hills remains balanced despite seeing a spike in unit sales this month compared to October of last year. Median sale prices remain slightly higher than this time last year, showing that this market is still great for both buyers and sellers.
Hamilton
The Hamilton real estate market remains balanced this month as inventory continues to steadily rise and unit sales drop lower than they were this time last year. The year-to-date average sales price have also dropped below what it was this time last year, which may be a sign of some larger changes to this market.
Waterloo
The Waterloo region real estate market remains balanced this month after having a continued surge in inventory and a small dip in unit sales. We are finally seeing the year-to-date average sales price dropping below what it was this year, which may hint at a larger shift coming to this market in the future.