“Home sales in April showed typical seasonal improvement over March, but remained notably below the ten-year average,” says Christal Moura, spokesperson for the Waterloo Region market. “What we’re seeing is a clear market rebalancing, with inventory levels up 75% above the ten-year average and nearly four months of supply across all property types. This shift is creating more opportunities for buyers who now have more time for due diligence and negotiations, while sellers are adapting to a market that demands strategic pricing and patience. Waterloo Region’s strong economic fundamentals continue to support overall market stability, even as we move away from the intense seller’s market of recent years.”
Total residential sales in April included 356 detached homes (down 12.5 per cent from April 2024), and 109 townhouses (down 19.9 per cent). Sales also included 71 condominium units (down 22.8 per cent) and 59 semi-detached homes (up 5.4 per cent).
In April, the average sale price for all residential properties in Waterloo Region was $789,639. This represents a 1.7 per cent decrease compared to April 2024 and a 2.7 per cent increase compared to March 2025.
- The average price of a detached home was $927,591.?This represents a 1.7 per cent decrease from April 2024 and an increase of 0.9 per cent compared to March 2025.
- The average sale price for a townhouse was $615,982. This represents a 7.0 per cent decrease from April 2024 and a decrease of 0.2 per cent compared to March 2025.
- The average sale price for an apartment-style condominium was $473,079.?This is on par with April 2024 and an increase of 3.5 per cent compared to March 2025.
- The average sale price for a semi was $659,017. This represents a decrease of 0.7 per cent compared to April 2024 and a decrease of 0.6 per cent compared to March 2025.