Market Snapshot
Average Sale Price
$725,000
+3.2% YoY
Homes Sold
412
-8.5% YoY
Avg. Days on Market
24
-3 days YoY
New Listings
523
+12.1% YoY
By Area
| Area | Avg. Price | YoY Change | Sales |
|---|---|---|---|
| Kitchener | $695,000 | +2.8% | 168 |
| Waterloo | $785,000 | +4.1% | 142 |
| Cambridge | $675,000 | +2.2% | 102 |
By Property Type
Detached
$875,000
+3.5% YoY
45% of market
Semi-Detached
$685,000
+2.8% YoY
18% of market
Townhouse
$625,000
+4.2% YoY
22% of market
Condo
$485,000
+1.9% YoY
15% of market
Market Insights
Seller's Market Continues
With inventory levels still below historical averages, sellers continue to have the advantage. Well-priced homes are receiving multiple offers.
Interest Rates Stabilizing
After a period of increases, interest rates have stabilized, bringing more buyers back to the market with renewed confidence.
Tech Sector Driving Demand
The continued growth of tech companies in the region is supporting housing demand, particularly in Waterloo and Kitchener's urban cores.
Condos Showing Strong Value
With detached home prices at all-time highs, condos and townhouses are seeing increased interest from first-time buyers.
Data sourced from the Kitchener-Waterloo Association of REALTORS. Statistics are subject to change and may not reflect the most current market conditions. For the most accurate valuation of your specific property, please contact us for a personalized market analysis.