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

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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.

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