Are Kitchener Waterloo Real Estate Prices Really Coming Down?
Inventory is up but prices are sticky. Prices, it is safe to say levelled off and perhaps came down a couple per centre points, but it you read in the newspaper that prices are down 5% that was just from a 5% rise in February.
How’s the Kitchener-Waterloo Real Estate Market? April 14 Spreadsheet.
Trending Toward Buyers!
Kitchener-Waterloo Real Estate Market Report
725 residential homes sold in March 2022. This is a decrease of 27.1% compared to March 2021, which continues to hold the record for most home sales in a single month. On a month-over-month basis, sales in March were up 19.4% compared to February 2022. The previous ten-year average number of residential sales for March is 599. Total residential sales in March included 416 detached (down 29.7% from March 2021), and 114 condominium units (down 9.5%). Sales also included 64 semi-detached homes (down 17.9%) and 131 townhouses (down 33.8%). In March, the average sale price for all residential properties in the Kitchener-Waterloo area was $960,181.
How’s the Kitchener Waterloo Real Estate Market?
Trending well for Buyers. Spring market beginning?
When will the housing market crash?
And other most googled questions about the real estate market…