Last month’s home sales in Kitchener-Waterloo decreased by 2.1% compared to September 2023.
“In September, there was an overall slowdown in home sales, but we continued to see strong demand for detached homes, resulting in an increase in sales for that specific type of property. Meanwhile, buyers have a bit more selection than a year ago as inventory is up, and homes take a little longer to sell. This can mean a less stressful homebuying experience, but for sellers, the current market may require more patience or even adjustment in price expectation.”
C Moura, Cornerstone spokesperson for the Waterloo Region market area
The average sale price of all residential properties sold in September was $788,944, an increase of 2.9% from September 2023.
Average Home Price:
- $910,286 Detached Home
- $595,435 Townhome
- $483,331 Apartment-Style Condominium
- $654,613 Semi
It took an average of 28 days to sell a home in September, compared to 19 days in September 2023.
To learn more about the market and what this means for you, connect with Suzanne.
Source: kwar.ca/category/market-updates
