Kitchener-Waterloo Real Estate News Update. Inventory up. Prices and sales volume down

How’s the Kitchener Waterloo real estate market?

Inventory up. Prices down

How’s the Kitchener Waterloo Real Estate Market?

Spreadsheet video. Prices continue to fall.

Canadian Real Estate Prices Drop for the First Time in Two Years!

3 Scenarios for Home Prices in 2023 and by 2027.

Base Case, Worst Case and Best Case. RBC

Kitchener-Waterloo Real Estate Market Report

661 residential homes sold in May. This is a decrease of 22.7% compared to the same month last year, and 5.5% below the previous 5-year average.   May sales included 404 detached (down 16.7% from May 2021), and 115 townhouses (down 38.5%). Sales also included 95 condominium units (down 12.0%) and 47 semi-detached homes (down 36.5%).   In May, the average sale price for all residential properties in the Kitchener-Waterloo area was $875,194. This is a 18.3% increase over May 2021 and a 3.5% decrease compared to April 2022.   The average price of a detached home was $1,016,834. This is a 17.0% increase from May 2021 and a decrease 4.2% compared to April 2022. The average sale price for a townhouse was $708,722. This is a 17.7% increase from May 2021 and a decrease of 7.2% compared to April 2022.

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