Last month home sales in Kitchener-Waterloo were up 10.1% compared to June 2020.
“The number of homes sold in the Kitchener-Waterloo area these past 6 months surpasses any previous 6 months of activity through our MLS® System…Since the beginning of the year, we have reported 4,393 home sales in Kitchener-Waterloo and area, which is remarkable.”
N Pohl, President of KWAR
June Sales Breakdown:
- 411 Detached Home Sales
- 103 Condominium Sales
- 74 Semi-Detached Home Sales
- 152 Freehold Townhouse Sales
The average sale price of all residential properties sold in June is up by 26.4% to $759,115 compared to June 2020.
Average Home Price:
- $919,914 Detached Homes
- $445,493 Apartment-Style Condominiums
- $590,980 Townhomes
- $647,918 Semis
It took an average of 11 days to sell a home in June, compared to 17 days in June 2020. 365 homes were available for sale at the end of June, a decrease of 43% compared to June of last year.
Market recap from the President of KWAR:
“The greatest challenge of the housing market continues to be the limited supply of existing homes to purchase…What we could use right now is for more homes to get built to help meet the robust buyer demand which continues to exceed supply.”
To learn more about the market and what this means for you, connect with Suzanne.