How’s the Kitchener-Waterloo real estate market? The impact of Covid-19 reveals contrasting activity with Bully Offer and Conditional Sales.

By

How’s the Kitchener-Waterloo real estate market? The impact of Covid-19 reveals contrasting activity with Bully Offer and Conditional Sales.

In this episode of “How’s the Kitchener-Waterloo real estate market we explore a lot of hyper-activity.
We look at:
The LP/SP ratios for Bully Offers vs. LP/SP for Conditional Offers in March.
Price movements
Suspensions, cancellations, re-listing and price adjustments.
Before March 15 vs. After March 15
Two client case studies

Read More

Kitchener-Waterloo Real Estate Market Report – Less than one month’s supply of home available

By

The total number of homes available for sale in active status at the end of February was 447, a decrease of 39.4% compared to February 2019.

This is 62% below the previous ten-year average of 1,179 listings for February.

The number of Months Supply (also known as absorption rate) in February was just 0.9 months, 40% per cent below the same period last year.

The previous ten-year average supply of homes for February was 2.55 months, and in the past 5 years the average supply for February was 1.76 months.

Read More