Last month’s home sales in Kitchener-Waterloo decreased by 12.0% compared to January 2024.
“The Waterloo Region’s housing market shows promising dynamics as we begin 2025. With nearly 50 percent more active listings compared to last January and inventory levels well above the ten-year average, we’re seeing more choice for buyers in the market.”
C Moura, Cornerstone spokesperson for the Waterloo Region market area
The average sale price of all residential properties sold in January was $755,859, a decrease of 1.0% from January 2024.
Average Home Price:
- $882,941 Detached Home
- $630,116 Townhome
- $469,623 Apartment-Style Condominium
- $634,762 Semi
It took an average of 33 days to sell a home in January, compared to 32 days in January 2024.
“In an expected move, the Bank of Canada lowered its policy rate by 25 basis points to 3 per cent on January 29, 2025, helping to bring down the cost of borrowing. This reduction was welcome news for potential homebuyers. However, with a potential trade war with the U.S. still looming, it’s difficult to predict what will happen when the Bank makes its next interest rate announcement on March 12.”
To learn more about the market and what this means for you, connect with Suzanne.
Source: kwar.ca/category/market-updates
