The real estate market in Guelph/Eramosa shifted further into buyer’s territory in September, as declining prices paired with rising inventory. The median sale price fell 7.83% to $999,999, while the average dropped 10.85% to $1,007,000. Sales volume contracted 34.63% to $11.08M, reflecting a 26.67% decline in unit sales to 11 transactions. At the same time, new listings surged 66.67% to 65, while expired listings eased 25% to 6. With a unit sales-to-listings ratio of just 16.92%, the market remains firmly buyer-leaning, providing purchasers with greater selection and leverage at the negotiation table.
