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Market Info & Trends
Sales activity in the Guelph market is up signifcantly. In the first 3 months of this year there were 504 sales compared to 394 in the first 3 months of last year - an increase of nearly 28%. To put this into perspective, there were 508 sales in the same 3 months in 2008 - so it looks like we're back to the same activity level as 2 years ago.
The 3 month moving average as of the end of March 2010 is $285,690 - an all time record - up 7.1% since the end of December 2009 and up 5.1% since the previous peak in August 2008.
Interest rates are still low and most people thinking of buying want to get mortgage rates loced in before they go up, possibly anytime!
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The graph to the right illustrates the trend in home sales between January 2004 and October 2008.
The purple line represents number of sales per month.
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