Waterloo Region Sees Strong Demand for Detached Homes Amid Cooler Residential Sales in August

In August, a total of 539 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents a decrease of 5.3 per cent compared to the same period last year and a decline of 24.1 per cent compared to the average number of homes sold in the previous ten years for the same month.

Waterloo Region Housing Market Sees Modest Sales Uptick in July Amid Lower Interest Rates and Increased Inventory

In July, a total of 639 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents an increase of 4.6 per cent compared to the same period last year and a decline of 16.6 per cent compared to the average number of homes sold in the previous ten years for the same month.

Waterloo Region Housing Market Sees Cooling Trend: Increased Inventory and Lower Prices Provide Opportunities for Buyers

In June, a total of 674 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents a decrease of 13.7 per cent compared to the same period last year and a decline of 24.8 per cent compared to the average number of homes sold in the previous ten years for the same month.

Waterloo Region Sees Dip in Home Sales Due to Sluggish Condo Market

In May, a total of 742 homes were sold via the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR). This represents a decrease of 8.1 per cent compared to the same period last year and a decline of 20.0 per cent compared to the average number of homes sold in the previous ten years for the same month.

The Waterloo Region Experienced a Record Low in Home Sales During March

In March, a total of 596 homes were sold via the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR). This represents a decrease of 3.2% compared to the same period last year and a decline of 33.4% compared to the average number of homes sold in the previous 5 years for the same month.

The Waterloo Region Experienced a Record Low in Home Sales During March

In March, a total of 596 homes were sold via the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR). This represents a decrease of 3.2% compared to the same period last year and a decline of 33.4% compared to the average number of homes sold in the previous 5 years for the same month.

Waterloo Region Home Sales Sluggish in February, Prices Steady

In February, there were 485 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing an increase of 9.7 per cent compared to the previous year and a decline of 19.0 per cent compared to the previous 10-year average for the month.

Waterloo Region’s Housing Market Shows Signs of Improvement in January

In January, there were 375 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing an increase of 25.4 per cent compared to the previous year and a decline of 7.4 per cent compared to the previous 10-year average for the month.

Annual Home Sales Down Significantly in Waterloo Region in 2023

There were 6,623 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) in 2023, a decrease of 14.8 per cent compared to 2022, and a decline of 23.2 per cent compared to the previous 5-year average for annual sales.

Waterloo Region Home Sales Cool in November

In November, there were 441 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing a decrease of 4.5 per cent compared to the previous year and a decline of 33.1 per cent compared to the previous 5-year average for the month.

Sales Pick Up, Prices Stay Steady, and a Surge in Available Homes

There were 559 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing an increase of 12.2 per cent compared to the previous year and a decline of 24.4 per cent compared to the previous 5-year average for the month.

September Sees Surge in Listings but Low Number of Sales

There were 527 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing an increase of 0.2 per cent compared to the previous year and a decline of 27.1 per cent compared to the previous 5-year average for the month.

Soft Home Sales in August Coupled with Strong Listing Activity

In August, there were 568 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing a decrease of 14.2 per cent compared to the previous year and a decline of 23.5 per cent compared to the previous 5-year average for the month.

Waterloo Region Real Estate market experienced some growth in terms of unit sales and supply in July, with home prices showing moderate fluctuations

In July, there were 607 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing an increase of 10.4 per cent compared to the previous year and a decline of 21.6 per cent compared to the previous 5-year average for the month.

Waterloo Region Real Estate Market Shows Resilience With Increase in Home Sales and Average Prices

WATERLOO REGION, ON (July 6, 2023) — In June, there were 780 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing an increase of 4.6 per cent compared to the previous year and a decline of 12.3 per cent compared to the previous 5-year average for the month.

Waterloo Region Buyer and Listing Activity Ramps Up In May

In May there were 788 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing a decrease of 10.9 per cent compared to the previous year and a decline of 12.6 per cent compared to the previous 5-year average for the month.

Demand Remains Strong as Home Prices Increase Month-Over-Month

Sales volume through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) remained subdued last month, with 670 homes sold in April, representing a decrease of 22.0 per cent compared to April 2022 and 18.0 percent below the previous 5-year average for the month.

Home Prices Inch Up in March as We Enter the Spring Market

Sales volume through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) set a low for the month of February, with 439 homes sold, representing a decrease of 45.0 per cent compared to February 2022 and 31.5 per cent below the previous 5-year average for the month.

Home Sales Down, Prices Stabilizing in February

Sales volume through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) set a low for the month of February, with 439 homes sold, representing a decrease of 45.0 per cent compared to February 2022 and 31.5 per cent below the previous 5-year average for the month.

Number of Home Sales in January Exceptionally Low

The number of homes sold last month through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) totalled 297 units, a decrease of 41.9 per cent compared to January 2022 and 31.0 per cent below the previous 5-year average for the month.

Fewer Homes Sales in December Ends a Year of Weaker Sales Activity in Waterloo Region

There were 7,770 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) in 2022, a decrease of 24.8 per cent compared to 2021.

Waterloo Region Home Prices Continue to Cool in November

The number of homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) totaled 453 units, a decrease of 43.7 per cent compared to November 2021 and 34.2 per cent below the previous 5-year average for the month.

Home Sales Decline in September, Market Moves Towards More Balanced Conditions

518 residential homes were sold last month through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), a decrease of 25.3 percent compared to September 2021 and 30.8 percent below the previous 5-year average for the month.

Rising Borrowing Costs Continue to Tame Home Sales in August

659 residential homes were sold last month through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) in August, a decrease of 8.1 percent compared to August 2021 and 11.2 percent below the previous 5-year average for the month.

Home Sales Slow Down in Waterloo Region as Interest Rates Rise

550 residential homes were sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) in July, a decrease of 32.8 percent compared to July 2021 and 32.3 percent below the previous 5-year average for the month.

LISTINGS INCREASE WHILE HOME SALES SLOW IN MAY

There were 661 residential homes sold through the Multiple Listing Service® System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in May, a decrease of 22.7 percent compared to the same month last year, and 5.5 percent below the previous 5-year average.

LISTINGS INCREASE WHILE HOME SALES SLOW IN MAY

MORE LISTINGS, SLOWER HOME SALES
IN APRIL

NUMBER OF HOME SALES IN JANUARY SET NEW RECORD

HOME SALES IN 2021 SMASHED LAST YEAR’S RECORD-BREAKING TOTAL BY OVER 1000 UNITS

A NEW RECORD HIGH FOR NUMBER OF HOME SALES IN NOVEMBER AND AN ALL-TIME RECORD LOW SUPPLY READING

PRICES CONTINUE TO INCREASE WITH STRONG HOME SALES IN OCTOBER

HOME PRICES CONTINUE TO CLIMB IN SEPTEMBER

HOMEBUYING DEMAND CONTINUES TO OVERWHELM HOUSING SUPPLY

A total of 535 residential homes sold last month through the Multiple Listing Service® (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), a decrease of 22.1 per cent compared to last August’s record-smashing month, and a decrease of 12.3 per cent compared to July.

VERY LOW INVENTORY COMBINED WITH STRONG DEMAND KEEPS HOME PRICES HUMMING IN JULY

A total of 611 residential homes sold last month through the Multiple Listing Service® (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), a decrease of 17 percent compared to the record-setting results of July 2020, but still an above-average number of sales for the month of July

KW HOUSING MARKET SHOWS LITTLE SIGN OF COOLING

The 740 residential homes sold last month through the Multiple Listing Service® (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) set a new monthly high for June and represented an increase of 10.1 percent compared to June 2020, and a 13.6 percent decrease compared to May 2021

NUMBER OF HOME SALES IN APRIL SECOND-HIGHEST ON RECORD

Following last month’s record-smashing number of home sales, the Kitchener-Waterloo Association of REALTORS® (KWAR) posted the second-highest number of monthly home sales in April. There were 843 residential homes sold through the Multiple Listing Service® (MLS® System) of KWAR last month, an increase of 263.4 percent compared to April 2020, and a decrease of 15.5 percent compared to March 2021.

HOMES SALES CONTINUE TO SMASH RECORDS

Strong home sales continued in May as the Kitchener-Waterloo Association of REALTORS® (KWAR) once again posted a record-setting number of monthly home sales. There were 854 residential homes sold through the Multiple Listing Service® (MLS® System) of KWAR last month, an increase of 100.9 percent compared to May 2020, and a 0.9 percent increase compared to April 2021.

RECORD SMASHING NUMBER OF HOME SALES IN MARCH

In March, the Kitchener-Waterloo Association of REALTORS® (KWAR) posted the highest number of monthly home sales in the board’s history. There were 993 residential homes sold through the Multiple Listing Service® (MLS® System) of KWAR in March, an increase of 72.7 per cent compared to March 2020, and an increase of 66 per cent compared to the previous month. The previous 10-year average number of residential sales for March is 552.

RECORD NUMBER OF HOME SALES IN FEBRUARY

There were 597 residential homes sold through the Multiple Listing Service® (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in February, an increase of 27.8 percent compared to February 2020, and an increase of 66.7 percent compared to the previous month. The previous 10-year average number of residential sales for February is 407.

ABOVE NORMAL NUMBER OF HOME SALES IN JANUARY

There were 351 residential homes sold through the Multiple Listing Service (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in January, an increase of 24.9 per cent compared to January 2020, and an increase of 1.4 per cent compared to the previous month. The previous 10-year average number of residential sales for January is 286.

“January’s home sales were more active than what we typically see this time of year,” says Nicole Pohl, President of KWAR. “But nothing has been typical about our housing market.”

Total residential sales in January included 201 detached (up 31.3 per cent from January 2020), and 71 condominium units (up 97 per cent). Sales also included 21 semi-detached homes (unchanged) and 56 freehold townhouses (down 17.6 per cent).

ANOTHER RECORD-BREAKING MONTH FOR HOME SALES IN NOVEMBER

There were 575 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in November, marking another record-breaking month of homes sold in the Kitchener-Waterloo area. November’s home sales represented an increase of 35 percent compared to the same month last year, and a decrease of 17 percent compared to the previous month. The previous ten-year average number of residential sales for November is 433.

RECORD BREAKING DECEMBER REAL ESTATE CAPS OFF EXCEPTIONAL 2020

There were 6,492 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in 2020, an increase of 9 per cent compared to 2019. Compared to previous years, 2020’s annual sales were 5 per cent above the previous 5-year average, and 11.6 per cent above the previous 10-year average.

REALTORS® SELL A RECORD NUMBER OF HOMES IN OCTOBER

There were 691 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in October, the most ever recorded for the month. October’s home sales represented an increase of 28 percent compared to the same month last year, and a decrease of 9.6 percent compared to the previous month. The previous ten-year average number of residential sales for October is 471.

REALTORS® SELL A RECORD NUMBER OF HOMES IN SEPTEMBER

There were 758 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in September, the most ever recorded for the month. September’s home sales represented an increase of 41.6 percent compared to the same month last year, and an increase of 8 percent compared to the previous month. The previous ten-year average number of residential sales for September is 460.

AUGUST HOME SALES SET ANOTHER RECORD

There were 686 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in August, the most ever recorded for the month. August’s home sales represented an increase of 48 per cent compared to the same month last year, and a decrease of 8 per cent compared to the previous month. The previous ten-year average number of residential sales for August is 470.

JUNE HOME SALES SPRING BACK AND PRICES CLIMB.
RESIDENTIAL AVERAGE
TOPS $600K FOR
FIRST TIME 

The number of homes sold in June shot up 57.6 per cent compared to May. There were 673 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in June 2020, an increase of 2.1 per cent compared to June 2019, and an increase of 8.5 per cent compared to the previous 10-year average for June.

COMPETITIVE MARKET LEADS TO HUGE PRICE GAINS IN JULY

There were 734 residential homes sold through the Multiple Listing System (MLS® System)  of the Kitchener-Waterloo Association of REALTORS® in July, an increase of 25.7 per cent compared to the same month last year, and well above the previous ten-year average for July of 531.

HOME SALES CLIMB IN MAY COMPARED TO RECORD-LOW APRIL, AVERAGE SALE PRICES SHOW STRENGTH

There were 419 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in May 2020, a decrease of 40.5 per cent compared to May 2019, and an 80 per cent increase compared to April 2020 when sales contracted sharply due to COVID-19.

APRIL HOME SALES IMPACTED BY COVID-19 PANDEMIC, HOME PRICES REMAIN STRONG

There were 227 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in April, a decrease of 63.6 per cent compared to the same month last year, and the lowest number of sales in a single month since December 2008.

HOME SALES IN MARCH CAME IN LIKE A LION WENT OUT LIKE A LAMB

There were 577 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in March, an increase of 13.1 per cent compared to the same month last year, and 0.2 per cent below the previous 5-year average.

STRONG HOME SALES IN FEBRUARY

There were 467 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in February, an increase of 36.5 per cent compared to the same month last year, and 15.3 per cent above the previous 10-year average.

FEWER HOME SALES IN JANUARY AS THE NUMBER OF HOMES FOR SALE CONTINUES TO ELUDE BUYERS IN KITCHENER – WATERLOO

There were 281 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in January, a decrease of 8.2 per cent compared to the same month last year, but only 3.6 per cent below the previous 10-year average, and 3.8 per cent below the previous 5-year average

Sales Dip in December, While Prices Continue to Escalate

There were 5,925 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in 2019, an increase of 1.6 per cent compared to 2018. Contrasted to past years, 2019’s annual sales were 2.3 per cent below the previous 5-year average, and 3 per cent above the previous 10-year average. 

STRONG HOME SALES CONTINUE IN OCTOBER IN FACE OF LOW INVENTORY

538 residential properties sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in October, an increase of 4.1 per cent compared to the same month last year.

AUGUST HOME SALES EASE AS PRICES CONTINUE TO RISE ALONG WITH DEMAND

459 residential properties sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in August, a decrease of 9.1 per cent compared to the same month last year.

STRONG HOME SALES IN JULY

586 residential properties sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in July, representing an increase of 15.1 percent compared to the same month last year.

STRONG HOME SALES IN JUNE

658 residential properties sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in June, representing an increase of 8.8 per cent compared to the same month last year.

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.