Monthly Market Report

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

05 - 2021 Monthly Market
🏘️ HOMES SALES CONTINUE TO SMASH RECORDS 🌷
 

KITCHENER-WATERLOO, ON (June 3, 2021) –– 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 per cent compared to May 2020, and a 0.9 per cent increase compared to April 2021.

“While last May home sales were restrained due to the pandemic, May 2021 was another extraordinary month of home buying and selling activity,” says Nicole Pohl, President of KWAR. “Prior to 2020, the previous 10-year average number of residential sales for May was 656.”

 
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04- 2021 Monthly Market
🏘️ NUMBER OF HOME SALES IN APRIL SECOND HIGHEST ON RECORD 🌷
 
KITCHENER-WATERLOO, ON (May 5, 2021) –– 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 per cent compared to April 2020, and a decrease of 15.5 per cent compared to March 2021.
 
“Even if we do not take into account April 2020, when Ontario was in the early days of its state of emergency, it was still an exceptional number of homes sold last month,” says Nicole Pohl, President of KWAR. “The previous 10-year average number of residential sales for April was 618.”
 
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03- 2021 Monthly Market
🏘️ KW HOUSING MARKING UPDATE - RECORD SMASHING NUMBER OF HOME SALES IN MARCH 🌱 
KITCHENER-WATERLOO, ON (April 6, 2021) – 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.
“This is the first time we’ve sold more than 900 homes in a single month,” says Nicole Pohl, President of KWAR. “The second highest number of sales occurred in May 2017 when there were 816 sales through our MLS® System.”
View the full report here:
https://kwar.ca/record-smashing-march-2021/
Feb 2021 Monthly Market

RECORD NUMBER OF HOME SALES IN FEBRUARY

By KWAR - March 4, 2021

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 per cent compared to February 2020, and an increase of 66.7 per cent compared to the previous month. The previous 10-year average number of residential sales for February is 407.

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).

Market Reports with The Inglis Team

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
K-W Home Sales with The Inglis Team

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."

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