The real estate market in Guelph/Eramosa shifted further into buyer’s market territory in August, as price declines contrasted with stronger sales activity. The median sale price fell 11.64% year-over-year to $1,025,000, while the average sale price edged up 2.68% to $1,178,654. Sales volume climbed 21.35% to $15.32 million, supported by an 18.18% rise in unit sales to 13 transactions. Inventory also expanded, with new listings up 25% to 25 and expired listings rising 33.33% to 8. With a sales-to-new listings ratio of 52.00%—down 3% from last year—the market reflects conditions favouring buyers, offering greater choice and negotiating power.
