OnePoint Association of REALTORS® recently transitioned to the PropTx MLS System. As the data continues to be refined, ongoing developments may impact the statistical accuracy of reports related to the Wellington and Guelph real estate market in 2025.

Like the economy, the Wellington and Guelph real estate market has been particularly volatile in the first quarter of 2025. Buyers are taking a cautious approach and continue to sit on the sidelines until the right opportunity comes along or until they risk losing out on one.

The first quarter of the year appeared to be a promising one for the Guelph and Wellington real estate market. Inflation was coming down, interest rates were falling, and the economy was gaining momentum.

Prices over the last three years have been flat, employment has been strong, and consumers have still been able to save above historic norms. However, the tariff war has dampened consumer confidence, added volatility to the stock market, and given the Bank of Canada a pause in their interest rate reductions, as we saw on Wednesday, April 16th, when they made their most recent announcement. Furthermore, this winter has been particularly cold with more snow than in years past.

This quarter has been marked by uncertainty, and as such, buyers have remained on the sidelines, taking a cautious approach to buying.

And we can see this in our numbers. Year-to-date Sales volume is down year to date by 9.61%, and unit sales have decreased by 11.54%. This hasn’t deterred sellers as new listings have climbed substantially by approximately 28% over the same time period. At the time of this writing, there were 1028 listings in Wellington County, and of those, 436 were in Guelph.

Despite the decreasing activity, we are still seeing sales across the county and all price ranges,with particular focus on the six hundred thousand to one million price point. So much so that in Wellington County in 2025 24% of listings so far have sold above list price, while in the city of Guelph 29% of the inventory is going above asking.

Homes that are unique, well-priced, or particularly sought after are gaining attention. Other homes, while taking longer to sell, are still attracting competition as buyers wait for other opportunities, only to act out of fear of missing out as other offers are submitted.

Taking this volatility into consideration, Wellington County and Guelph continue to be well equipped to handle adversity with a diverse and robust economy, anchored by strong institutions like the University of Guelph and Conestoga College.

We continue to be optimistic about the Guelph and Wellington market as those strong fundamentals of affordability continue to improve with falling interest rates, flat prices, increased product, and continued pent-up demand. Given the complexities of the market, it has never been so important to talk to local real estate professionals as each home is uniquely positioned in this marketplace.

Article by Jeff Morley, Broker of Record for Royal City Realty