Spring Real Estate Market Update in Guelph

Random Tidbit June 8, 2023

We trust you had an amazing spring, and are gearing up for another beautiful summer in Guelph. How about the weather these past couple of weeks? Looks like the market isn’t the only thing that’s heating up! Let’s get into it.

The spring market typically becomes more active with each passing weekend as we head into summer and things are no different this year! The Guelph real estate market is becoming competitive amongst buyers again. We are seeing a gradual increase in median sale price as we move more into the year. As the greenery and neighbourhoods become more alive in the spring, so does the real estate market!

We are experiencing low inventory levels this spring. Right now, there are not enough homes for sale to keep up with the serious amount of buyer demand. This means that there are lots of active buyers with not enough homes to look at. If you are on the fence about selling your home and looking for some validation, this is truly a great time to go on the market. Get in touch with us if you are thinking about moving this year.

Remember to keep on top of your home maintenance so your home stays in optimal shape, and for those doing some spring cleaning and decluttering – considering donating as your junk may be someone else’s treasure!

Enjoy the beautiful weather!