September a Big Month for Real Estate in KW

October 8, 2020

September’s weather may have started to cool off, but the real estate market in Waterloo Region was hotter than ever! Home sales in the region saw record-breaking numbers, with a whopping 758 homes sold through MLS in September, the highest one-month tally ever achieved locally for September.

With the average sale price up 17.5% to $637,691 over the same month last year, demand continues to outpace supply, despite a 13% increase in new listings over last September.

What does this tell us?

With more companies accommodating remote work during the pandemic, many families and professionals from all over Southern Ontario are reconsidering their ideal living arrangement. As we increasingly prioritize a high quality of home life, Kitchener-Waterloo is being recognized as an extremely desirable place to live by those from within and outside our community.

Want to learn more? Check out the full report here.

If you’re wondering if it’s a good time to buy or sell, give us a call and let’s chat!