How’s the Kitchener Waterloo Real Estate Market?
Spreadsheet Video. When will prices level off?
What’s happening in Kitchener Waterloo real estate?
Prices are down. Sales volume is also down.
Housing Market Outlook for Kitchener Waterloo.
Growth predicted to slow in the second half of 2022
Home prices are now forecasted to rise by 15 per cent this year
Can this be right?
Kitchener-Waterloo Real Estate Market Report
633 residential homes sold in April 2022. This is a decrease of 25.0% compared to April 2021. On a month-over-month basis, sales in April were down 13.4% compared to March 2022. The previous ten-year average number of residential sales for April is 608 (650 if not including April 2020 when home sales came to a short-term pause due to the beginning of the Covid-19 pandemic). Total residential sales in April included 361 detached (down 25.4% from April 2021), and 107 condominium units (down 2.7%). Sales also included 48 semi-detached homes (down 29.4%) and 117 townhouses (down 35.7%). In April, the average sale price for all residential properties in the Kitchener-Waterloo area was $907,205. This is a 19.6% increase over April 2021 and a 5.5% decrease compared to March 2022. The average price of a detached home was $1,060,992. This is a 18.0% increase from April 2021 and a decrease 6.4% compared to March 2022.
