Guelph/Eramosa moved into balanced market territory through September, with the year-to-date sales-to-listings ratio sitting at 39.88%, just above the 39% threshold. September market activity strengthened significantly compared to last year, with sales volume rising 119.84% to $24.35M and unit sales increasing 109.09% to 23 transactions. Pricing also moved higher, as the median sale price rose 5.00% year over year to $1,050,000, while the average sale price increased 5.14% to $1,058,783. New listings decreased 28.79% to 47, while expired listings increased 50.00% to 9. With the monthly sales-to-listings ratio improving to 48.94%, Guelph/Eramosa shifted into balanced market conditions through September.
