“March’s housing market shows a significant shift from last year’s dynamics, with sales activity cooling while inventory levels have reached their highest point for March since 2015,” notes Christal Moura, spokesperson for the Waterloo Region market. “This changing landscape is providing buyers with more options and time to make informed decisions.”
Total residential sales in March included 259 detached homes (down 24.7 per cent from March 2024), and 98 townhouses (down 24.0 per cent). Sales also included 60 condominium units (down 29.4 per cent) and 40 semi-detached homes (up 8.1 per cent).
In March, the average sale price for all residential properties in Waterloo Region was $771,915. This represents a 4.4 per cent decrease compared to March 2024 and a 0.5 per cent increase compared to February 2025.
- The average price of a detached home was $921,985. This represents a 3.6 per cent decrease from March 2024 and an increase of 2.3 per cent compared to February 2025.
- The average sale price for a townhouse was $622,231. This represents a 6.6 per cent decrease from March 2024 and an increase of 1.2 per cent compared to February 2025.
- The average sale price for an apartment-style condominium was $457,925. This represents a 5.5 per cent decrease from March 2024 and an increase of 4.8 per cent compared to February 2025.
- The average sale price for a semi was $663,145. This represents a decrease of 2.5 per cent compared to March 2024 and a decrease of 1.1 per cent compared to February 2025.