Guelph and District
Do you want to sell your house in Guelph? Guelph and District Association of REALTORS® is here to help you get the best selling experience and help you sell your Guelph house or your home in Guelph fast and conveniently. This is the best choice of home sales you can ever make. In November 2020, Guelph and District MLS® home sales set a new record as home selling activity grows rapidly. We will look at some of the records set in November 2020 as compared to those recorded in November 2019.
Homes Sold in November
The MLS® system of the Guelph and District Association of REALTORS® has helped many individuals sell their homes in Guelph and surrounding communities. In November 2020, the total number of homes sold through the association was 388 units. This figure is a positive deviation of 15.1% from the number sold in November 2019. Furthermore, the figure was a new sales record for the same month. Moreover, by November 2020 the number of home sales totaled 4,417 units. This was an increase of 1.9% from the number recorded in November 2019. Also, according to Matthew Bennet-Monty, the President of the Guelph and District Association of REALTORS®, the sales activity in November set a record due to increased demand in the summer. The demand for those who want to sell their homes in Guelph is so high that the new huge listings can't keep up. Therefore, the company is looking for the best market conditions, ensuring they increase the prices and that the supply levels are lowered.
The Prices in November
As compared to the average price of homes sold in November 2019, the new prices rose by 22.3%. This new record was as a result of the total $768,038 sold in November 2020. From the first 11 months of 2020, the year-to-date average price of homes was $706,264, an increase of 14.5% from that of 2019. Nonetheless, there was also a new record in the dollar value of all homes sold in November 2020. The value was at $298 million, which was an increase of 40.9% from November 2019.
Residential Listing
By the end of November 2020, the active residential listing was 298 units. This was a 44% decrease from that recorded by the same period in the previous year.
Months of Inventory
Months of inventory refer to months taken to sell current inventories at the prevailing rates of sale activity. By the end of November 2020, the total number of months of inventory was 0.7. This was a decrease from the one recorded by the end of November 2019, which was 1.5 months. Furthermore, the figure was below the long-run average of 2 months which is usually recorded by November.
Conclusion
The Guelph and District Association of REALTORS® are here to help you sell your home in Guelph. Furthermore, if you want to sell your house in Guelph and its surrounding, you can get their services for a fast and best-selling experience. Moreover, considering the records set by the sales activity in November can help you make the best decision to sell your house faster.