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Michelle McPhee received the Seniors Real Estate Specialist Designation!
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🏘️ HOME SALES JULY 2022 🌼
Home Sales Slow Down in Waterloo Region as Interest Rates Rise
WATERLOO REGION, ON (August 5, 2022) — 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 per cent compared to July 2021, and 32.3 per cent below the previous 5-year average for the month.
“In the wake of July’s interest rate hike, home sales in Waterloo Region continued to slow,” says Megan Bell, President of WRAR. “We’re seeing a clear shift in the market and what people can afford to purchase or are willing to pay. On the bright side for buyers, it’s not the extreme sellers’ market it was.”
View the full report here:
JUST SOLD - 20 INADALE COURT, KITCHENER - MLS
Congratulations to our clients on the sale of their beautiful home!
Are you curious what your home is worth?
Contact the INGLIS TEAM to learn more about our PREMIUM LISTING PACKAGE and how we can help get you the most $$$ for your home in this market.