May 2026 Market Update

COMPREHENSIVE REVIEW OF OUR LOCAL REAL ESTATE MARKET

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May brought another month of measured activity to the Guelph real estate market, with buyers continuing to benefit from increased choice and a more deliberate pace of sales. The median sale price settled at $740,000, down 7.5% compared to May 2025, while homes took a median of 21 days to sell, an increase of 31.3% year-over-year. These figures suggest that while demand remains present, buyers are exercising greater patience and caution in their purchasing decisions.

Inventory levels remained healthy, although new listings dipped slightly to 416 properties, down 6.5% from the same time last year. Sales activity also softened, with 166 homes changing hands, representing a 4.6% decline year-over-year. With fewer sales occurring relative to the number of homes available, Guelph remained firmly in buyer's market territory throughout the month.

For buyers, current conditions continue to provide opportunities that were less common during the more competitive markets of recent years. More available inventory, longer decision-making timelines, and increased negotiating power have helped create a less pressured environment. Sellers, meanwhile, are finding that strategic pricing and strong presentation are becoming increasingly important to stand out from competing listings.

As we move into June, the market will likely continue to be influenced by seasonal activity and broader economic confidence. While spring traditionally brings stronger demand, the balance of power currently remains with buyers. If inventory levels stay elevated and sales activity remains moderate, market conditions are expected to continue favouring purchasers through the early summer months, although attractive and well-priced properties should still generate strong interest.

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