Today I will be providing you with the Guelph and Tri-City housing market for the month of July.  Before we dive in, let’s look at some keys figures for our local markets relative to July of last year:

Guelph Stats:
Median Sale Price was $708,000 - ↓ 4.3%
Total Number of Listings was 320 - ↓ 12.6%
Total Number of Sales was 143 - ↓ 12.8%

Tri-City Stats:
Kitchener: Median Sale Price was $657,000 - ↓ 4.7%
Waterloo: Median Sale Price was $698,000 - ↑ 2.7%
Cambridge: Median Sale Price was $647,000 - ↓ 6.2%

CLICK HERE for the full report

July brought a more measured pace to the Guelph market, with both buyers and sellers showing greater selectivity. The median sale price settled at $708,000, while the time it took to sell a home increased. At the same time, new listings and sales both decreased, meaning there was less overall activity on both sides of the market than a year ago.

Despite the softer numbers, Guelph technically remained in balanced market territory, which is an important distinction. The market is not showing signs of being overwhelmed with inventory; rather, buyers are taking longer to make decisions and sellers are facing less urgency from purchasers. With fewer homes coming to market, well-priced and well-positioned properties can still attract attention, but sellers may need to be more patient and realistic about both price and timing.

For buyers, this environment continues to provide an opportunity to take a more thoughtful approach, compare properties and negotiate without the pressure of a highly competitive market. For sellers, the message is equally clear: preparation and pricing matter. Homes that stand out and align with current buyer expectations are better positioned to sell, while properties that enter the market ahead of where buyers see value may require adjustments.

Looking toward August, we expect the market to remain relatively balanced, although the typical summer slowdown may keep activity somewhat restrained. If inventory remains controlled, we could see prices stabilize as buyers and sellers continue to adjust to the current environment. The key theme for the remainder of the summer is likely to be quality over quantity.  buyers will remain selective, while sellers who understand their specific neighbourhood and price range will be best positioned to navigate the market successfully.

If you are considering buying, selling, or making a move, I would be happy to help you.  Feel free to reach out to me to discuss your goals, and we can create a plan that will work for you.  Thanks for joining me, and have a great day!