Monthly Market Report

Check out the articles below from Kitchener-Waterloo Association of REALTORS® (KWAR)

STATSREPORTdec19

2019 A STEADFAST YEAR FOR HOME SALES IN KW

By KWAR - January 3, 2020

KITCHENER-WATERLOO, ON (Jan 6, 2020) ––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.

 

On a monthly basis, sales dipped 9 percent compared to last year, with 244 home sales in the month of December.

STATSREPORT19nov

SLOWER HOME SALES—BIG PRICE GAINS IN NOVEMBER
By KWAR - December 4, 2019

KITCHENER-WATERLOO, ON (December 4, 2019) ––424 residential properties sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in November, a decrease of 12.4 per cent compared to the same month last year.

 

Home sales in November included 265 detached (down 1.5 per cent), and 46 condominium apartments (down 28.1 per cent). Sales also included 75 townhouses (down 38.5 per cent) and 38 semi-detached homes (up 31 per cent).

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Number of Home Sales Slide in March
By KWAR - April 3, 2019

KITCHENER-WATERLOO, ON (April 3, 2019) – 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.

“The activity on detached homes continues to be strong,” says Brian Santos, KWAR President. “But the average number of sales in March was brought down by fewer semi-detached, townhomes and condos. I think this can be credited to the lack of inventory and options buyers have in those segments of the market.”

Frigid February Home Sales
By KWAR - March 5, 2019

KITCHENER-WATERLOO, ON (Mar 5, 2019) – 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.

“The series of winter storms in February not only kept buyers indoors and off the roads, but also away from open houses and viewings,” says Brian Santos, KWAR President. “This was the lowest amount of sales we’ve seen in February in a long time, but it really isn’t surprising given the wild weather we experienced last month.”

Frigid February Home Sales with The Inglis Team
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January Home Sales Up Over Last Year
By KWAR - February 4, 2019

KITCHENER-WATERLOO, ON (Feb 4, 2019) – There were 307 residential sales in January through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), an increase of 14.6 percent compared to January 2018. “January was surprisingly busy with an above average number of home sales,” says Brian Santos, KWAR President. “The number of units sold last month were up nearly fifteen percent compared to the previous ten-year average for January."

Kitchener Waterloo Home Sales Return to More Typical Levels in 2018
By KWAR - January 4, 2019

Home Sales Dip in December, While Prices Increase

KITCHENER-WATERLOO, ON (Jan 4, 2019) – There were 5,823 residential homes sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in 2018, a decline of 11.1 percent compared to 2017.

With 263 transactions taking place last month, December’s home sales were down 13.2 percent from this time last year and slightly behind the previous 10-year average of 268 sales for the month of December.

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