Kitchener Waterloo Real Estate Market Report
byThe average number of days to sell in January was 16 days, compared to 22 days in January 2020 and a previous 5-year average of 30 days
The average number of days to sell in January was 16 days, compared to 22 days in January 2020 and a previous 5-year average of 30 days
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!
November is the fifth consecutive month of record home sales in the Kitchener-Waterloo area.
There were 575 residential homes sold in November, another record-breaking month!
In this episode of ‘How’s the market?’ we look back at the last ten weeks of hyperactivity, an increasing List Price to Sales Price ratio and spend a bit of time looking at average winning Bully Offers.
According to my spreadsheet, I visited, with clients, 72 homes for sale in April. I might have missed recording one or two, likely open…