Home Sales Show Momentum in May

The number of home sales through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in May were on par with the same month last year. There were 694 residential sales last month, an increase of 11 percent compared to April, and an increase of 7.2 percent compared to the previous ten-year average for May.

April Home Sales Up Over Last Year

There were 623 residential sales in April through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), an increase of 1.1 per cent versus the same month last year, and up 2.2 per cent compared to the previous ten-year average for April.  

Number of Home Sales Slide in March

There were 511 residential sales in March through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), a decrease of 5.7 per cent versus the same month last year, and down 7 per cent compared to the previous ten-year average for March.

FRIGID FEBRUARY

There were 343 residential sales in February through the Multiple Listing System (MLS® System) of the Kitchener - Waterloo Association of REALTORS® (KWAR), a decrease of 8.3 percent compared to February 2018.

FEBRUARY HOME SALES RELEASE

In February, the 377  residential properties sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), were an increase of 40 per cent compared to last month and a decrease of 20.5 per cent compared to home sales a year ago.

JANUARY HOME SALES SNOWED UNDER BY LOW INVENTORY

There were 270 residential sales in January through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), a decrease of 18 per cent compared to January 2017.

2017 - A RECORD BREAKING YEAR IN REVIEW

2017 came with skyrocketing prices, high consumer demand and a total residential sale volume of over 3 billion CDN in Kitchener-Waterloo alone. Between competitive prices, tons of buyers from within KW and many buyers flocking to the region from the GTA, 2017 was certainly a seller's market in the world of Real Estate.

The year ended on a strong note with over 300 home sales in December; a whopping 13% higher than the previous five-year average. With new mortgage stress test kicking in in January, December buyers felt pressured to purchase a home before the deadline.

NORMAL NOVEMBER FOR HOME SALES

Although home sales this past month were down by 20% compared to the record breaking numbers seen in November 2016, this year’s numbers are on par with the previous 5-year November average of 424 home sales.

RESIDENTIAL SALES STEADY IN OCTOBER

With sale numbers being nearly on-par with last year’s record breaking numbers, buyer’s demand continues to surpass the supply of homes on the market.

SOLID HOME SALES IN SEPTEMBER!

High demand and lower supply made for a steady market this September. With prices up and overall sales down, the seller's market seems to be going strong.

STEADY HOME SALES IN AUGUST

August home sales seem to be trending towards a more stable market with a slow in sales volume and a more balanced average sale.

TRENDING TO A BALANCED MARKET!

After many months of incredible sales, it appears the typical summer slowdown has taken effect in the Waterloo Region. It was still an above average month, and while the market was favouring the sellers, the new trends are shifting towards a more balanced market.