As we settle into October, the real estate market is adjusting along with the crisp fall days. Sales have slowed compared to last year, but home prices in both Guelph and Centre Wellington continue to stay strong.
In the City of Guelph, sales activity picked up in September, with 134 homes sold. The average sale price was $788,348, and homes were taking an average of 21.0 median days on market to sell. Looking at the benchmark prices versus the previous month: Houses saw a slight decline of -1.64% to $810,200, Townhomes dipped -1.70% to $617,700, and Apartments were down -0.93% to $490,700.
In Centre Wellington, the market saw 44 homes sold, showing a substantial increase in activity from August. The average sale price climbed to $990,318, and the median days on market was 35.5. Benchmark prices showed a mixed picture: Houses rose 4.66% to $843,900, Townhomes decreased -1.84% to $687,900, and Apartments saw a slight decline of -0.42% to $519,600.
Overall, the market in September saw a notable increase in sales volume in both areas compared to the slower August period, with Centre Wellington’s average price nearing the million-dollar mark. While benchmark prices in Guelph cooled slightly, Centre Wellington’s house prices showed resilience with a solid gain. Sellers continue to benefit from strong home values, while buyers are navigating a market with increasing supply and steady competition.
