Categories for Market Update

Low inventory, high prices are the story of September in the KW market

Those hoping to see home prices cool off in Kitchener-Waterloo are having to wait a little longer. The September 2021 stats are in, and it was another month of high prices and minimal inventory. There were 506 homes sold this September, which is down 32.1% from the record-smashing month of ...

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High Demand and Low Supply for the August Real Estate Market

The high real estate prices in KW held their own for the month of August, hovering around the same levels we’ve been seeing consistently throughout 2021 thus far. However, the supply was definitely lacking, with only 535 homes sold over the course of the month. This is 22.1% lower than ...

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July’s Real Estate Market Stats are in for KW!

Low inventory and high demand kept the heat on the local housing market in July. With some of the lockdown restrictions lifting and residents of KW a little freer to enjoy the summer, there were decidedly fewer homes listed for sale last month. In fact, there were 24% fewer new ...

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KW Real Estate Market Strength Continues in June

Another month, another record in local real estate! The KW real estate market has continued to show strength through June, with 740 homes sold in the month. This is up 10% from the same month last year, and a 13.6% decrease from May 2021. Incredibly, the number of homes sold ...

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A Strong and Stable May in KW Real Estate

May was another banner month for real estate in Kitchener-Waterloo! While still setting records for home sales for the month of May, it was relatively stable when compared to April 2021. The 854 residential homes sold in the month represent a 100.9% increase over May 2020, but only a 0.9% ...

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A Strong and Steady April for KW Real Estate

The local real estate market has remained extremely strong through the month of April, but has shown some signs of levelling off. While the stats still show a huge increase year over year, the numbers are fairly stable when viewed month to month. For example, the average residential home sold ...

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March Madness in the KW Real Estate Market

More records were smashed in the local real estate market in March! There were 993 residential homes sold, which is the highest number of monthly sales in history. To put that number in perspective, the previous 10-year average for March is 552 homes sold. And, the previous record for monthly ...

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February Brings Winter Heat to the Local Real Estate Market

Kitchener-Waterloo’s hot real estate market has continued its record-breaking run, bringing in some wild stats for the month of February. With demand remaining high amidst low supply, competition has driven prices to levels we have never before seen in our region. Case in point, February ended with just 295 homes ...

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2021 Starts Off With a Bang in KW Real Estate

2021 got off to a roaring start in the Kitchener-Waterloo real estate market, showing no signs of letting up on the growth of the previous year. Typically a slow month, this January bucked the trend with 351 units sold, which is 24.9% more than the same month last year. The ...

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December Caps Off a Big Year in Local Real Estate

December was another busy month for home sales in Kitchener-Waterloo, capping off a memorable and dynamic 2020 for local real estate. While the first half of the year lagged due to the pandemic, the second half roared back and then some, setting sales records for six consecutive months. When all ...

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