The Waterloo Region Real Estate Market: A Shift Towards Balance
- March 08, 2023
- 05:25 pm
Are you on the lookout for a new home in the Waterloo Region? Or are you a homeowner considering putting your property on the market? Either way, you’ll want to know about the latest market statistics. February saw a shift towards a more balanced real estate market in the region, which means there are opportunities for both buyers and sellers.
The median sales prices for all property types decreased in February, making the market more favourable for buyers. However, homes are still selling relatively quickly, which means buyers should act fast if they find a property they’re interested in. For sellers, there is still strong demand for homes in the region, but pricing expectations may need to be adjusted to reflect the current market conditions.
So whether you’re a buyer or a seller, it’s important to stay informed about the latest market trends and work with professionals who have the expertise to guide you through the process. If you’re a buyer, act quickly and be prepared to make a competitive offer. And if you’re a seller, work with a real estate professional who can help you set an appropriate price and market your home effectively.
Don’t miss out on the opportunities available in the Waterloo Region real estate market. Get in touch with a local real estate professional today to start exploring your options.
Kitchener
Single Family
Median Sales Price : $797,100
Percentage Increased
from February 2022 : - 26.5%
NO. of new listings : 167
Median Days on Market : 8
Nos. of Sales : 101
Semi-detached
Median Sales Price : $722,500
Percentage Increased
from February 2022 : -22.4%
NO. of new listings : 12
Median Days on Market : 13
Nos. of Sales : 10
Townhouse
Median Sales Price :$593,000
Percentage Increased
from February 2022 : -30.30%
NO. of new listings : 54
Median Days on Market : 12
Nos. of Sales : 47
Condo
Median Sales Price :$409,000
Percentage Increased
from February 2022 : -29.90%
NO. of new listings : 58
Median Days on Market : 22
Nos. of Sales : 29
WATERLOO
Single Family
Median Sales Price : $838,500
Percentage Increased
from February 2022 : 30.10%
NO. of new listings :65
Median Days on Market : 8
Nos. of Sales : 50
Semi-detached
Median Sales Price : $610,000
Percentage Increased
from February 2022 : -30.80%
NO. of new listings : 9
Median Days on Market : 11
Nos. of Sales : 7
Townhouse
Median Sales Price : $700,000
Percentage Increased
from February 2022 : -17.90%
NO. of new listings : 20
Median Days on Market : 25
Nos. of Sales : 17
Condo
Median Sales Price : $449,950
Percentage Increased
from February 2022 : -15.80%
NO. of new listings : 65
Median Days on Market : 8
Nos. of Sales : 20
CAMBRIDGE
Single Family
Median Sales Price : $781,550
Percentage Increased
from February 2022 : -24.90%
NO. of new listings : 106
Median Days on Market : 7
Nos. of Sales : 64
Semi-detached
Median Sales Price : $642,500
Percentage Increased
from February 2022 : -23.60%
NO. of new listings : 13
Median Days on Market : 9
Nos. of Sales : 8
Townhouse
Median Sales Price :$638,500
Percentage Increased
from February 2022 : -26.20%
NO. of new listings : 42
Median Days on Market : 16
Nos. of Sales : 32
Condo
Median Sales Price :$477,450
Percentage Increased
from February 2022 : -11.80%
NO. of new listings : 106
Median Days on Market : 7
Nos. of Sales : 6
GUELPH
Single Family
Median Sales Price : $860,000
Percentage Increased
from February 2022 :-19.10%
NO. of new listings : 107
Median Days on Market : 9
Nos. of Sales : 59
Semi-detached
Median Sales Price : $725,000
Percentage Increased
from February 2022 : -23.60%
NO. of new listings : 11
Median Days on Market : 4
Nos. of Sales : 9
Townhouse
Median Sales Price : $723,000
Percentage Increased
from February 2022 : -16.70%
NO. of new listings : 47
Median Days on Market : 10
Nos. of Sales : 39
Condo
Median Sales Price : $540,000
Percentage Increased
from February 2022 : -17.60%
NO. of new listings : 107
Median Days on Market : 9
Nos. of Sales : 29
Market Stats
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