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The Details Matter

Wellington County - May 2026

BUYER’S MARKET

Wellington County remained in buyer’s market territory in May, although market conditions showed signs of improvement compared to last year.  The median sale price declined 7.50% to $740,000, while the average sale price decreased 3.96% to $961,558. Despite softer pricing, sales activity strengthened, with sales volume increasing 1.76% to $262.77M and unit sales rising 3.01% to 308 transactions. New listings decreased 5.42% to 820, while expired listings climbed 28.81% to 76, indicating continued competition among sellers. The unit sales-to-listings ratio improved 8.91% year over year to 37.56%; however, it remains below the 39% threshold, keeping Wellington County in buyer’s market territory.

City of Guelph - May 2026

BUYER’S MARKET

The City of Guelph remained in buyer’s market territory in May as inventory levels continued to outpace sales activity.The median sale price declined 7.78% year over year to $737,750, while the average sale price decreased 4.02% to $794,307. Sales volume fell 14.32% to $125.50M, with unit sales decreasing 10.73% to 158 transactions.  New listings declined 7.11% to 418, while expired listings dropped 19.05% to 34. The unit sales-to-listings ratio edged lower to 36.45%, down 5.39% from last year. Although market conditions improved slightly from May, the ratio remains below the 39% threshold, keeping the City of Guelph firmly in buyer’s market territory.

Centre Wellington - May 2026

Guelph/Eramosa - May 2026

BUYER’S MARKET

Guelph/Eramosa remained in buyer’s market territory through May, although market activity strengthened compared to the same period last year. The median sale price declined 14.59% year over year to $995,000, while the average sale price held relatively steady at $1,151,732. Sales volume increased 18.81% to $21.88M, supported by unit sales rising 18.75% to 19 transactions. New listings fell 26.53% to 36 and expired listings decreased 16.67% to 5, contributing to tighter inventory conditions. The monthly sales-to-listings ratio improved significantly to 52.78%; however, the year-to-date ratio remains at 36.11%, below the 39% threshold, indicating that market conditions continue to favour buyers overall.

Hamilton - May 2026

BALANCED MARKET

Hamilton remained in balanced market territory through May, as buyer demand continued to keep pace with available inventory despite softer pricing and lower overall sales activity. The median sale price declined 3.08% year over year to $693,000, while the average sale price decreased 3.35% to $754,503. Sales volume fell 14.60% to $406.68M, with unit sales declining 11.64% to 539 transactions. New listings decreased 20.96% to 1,237, while expired listings dropped 19.71% to 110, indicating that inventory levels contracted alongside sales activity. The sales-to-listings ratio improved to 43.57%, up 4.60% from last year and above the 39% threshold, reflecting balanced market conditions across Hamilton despite continued price moderation.

Halton Hills - May 2026

BUYER’S MARKET

Halton Hills remained in buyer’s market territory through June, although sales activity showed improvement compared to the same period last year.  The median sale price declined 6.25% year over year to $900,000, while the average sale price decreased 6.86% to $1,005,879. Monthly sales volume fell 12.98% to $72.12M, though unit sales remained relatively stable, decreasing just 1.39% to 71 transactions. New listings dropped 29.84% to 174, while expired listings declined significantly to 8. The monthly sales-to-listings ratio improved to 40.80%, reflecting stronger absorption of available inventory; however, the year-to-date ratio remains at 36.52%, below the 39% threshold, indicating that market conditions continue to favour buyers overall.

Waterloo - May 2026

BALANCED MARKET

The Waterloo Region remained in balanced market territory through May, as buyer demand continued to keep pace with available inventory despite softer pricing and reduced sales activity. The median sale price declined 6.76% year over year to $690,000, while the average sale price decreased 5.96% to $743,095. Sales volume fell 13.84% to $462.95M, with unit sales decreasing 8.38% to 623 transactions. New listings declined 13.23% to 1,450, while expired listings dropped 25.50% to 111, suggesting fewer properties were leaving the market unsold. The sales-to-listings ratio improved to 42.97%, up 2.27% from last year and above the 39% threshold, indicating that balanced market conditions continue across Waterloo Region.

Cambridge - May 2026

BALANCED MARKET

Cambridge’s real estate market remained in balanced market territory through May, as buyer demand continued to absorb available inventory despite softer pricing and lower overall sales activity. The median sale price declined 10.96% year over year to $650,000, while the average sale price decreased 10.62% to $683,045. Sales volume fell 12.71% to $114.07M, with unit sales decreasing 2.34% to 167 transactions. New listings remained relatively stable, declining just 1.53% to 387, while expired listings fell 7.14% to 26. The sales-to-listings ratio held steady at 43.15%, remaining above the 39% threshold and indicating that balanced market conditions continue across Cambridge despite ongoing price adjustments.

Puslinch - May 2026

BUYER'S MARKET

The Puslinch remained in buyer's market territory through May, with the year-to-date sales-to-listings ratio sitting at 28.68%, below the 39% threshold. May activity strengthened compared to last year, with sales volume rising 39.00% to $17.67M and unit sales increasing 22.22% to 11 transactions. Pricing also moved higher, as the median sale price rose 138.81% year over year to $1,600,000, while the average sale price increased 13.73% to $1,606,636. New listings decreased 6.82% to 41, while expired listings rose from 2 to 5. The monthly sales-to-listings ratio improved to 26.83%, up 6.37% last May; however, overall year-to-date conditions continue to favour buyers.