How did we get here? In this month’s episode of ‘How’s the market’ we look back at 2020, especially the last four months of 2020 to show how we got here. Essentially early January + Lockdown = Lack of supply of homes available for sale. I’ve never seen such a lack a inventory, ever!
How’s the Kitchener-Waterloo real estate market? The LP/SP ratio is at about 110.5% and Days on Market is averaging about 10.5 days. The Supply is back under one month’s supply All this means that it is solidly a still Seller’s Market.
It has been an exciting and interesting year in the Kitchener-Waterloo real estate market. If I had to sum up what has happened in the past ten weeks, I would say that the spring market arrived late and is still here.
Wednesday May 27, 2020, In this weeks Kitchener-Waterloo Real Estate News: Corona summer, KW food map, housing crash?, days on market, Sales to new listing ratio, indicators, washers, dryers, social distancing, recovery…
In this update of the Kitchener-Waterloo real estate market, we look at Coronavirus and it’s impact on: 1. Number of showings, 2. Average sale price 3. Number of new listings 4. Number of houses for sale 5. Number of homes sold 6. Days on Market 7. Supply of homes 8. List price to sale price ratio