In September, a total of 502 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents a 4.7 per cent decrease compared to the same period last year and a decline of 25.0 per cent compared to the average number of homes sold in the previous ten years for the same month.

“The September housing market continues to reflect broader economic conditions, with sales remaining below both last year’s levels and the ten-year average,” says Christal Moura, spokesperson for the Waterloo Region market. “While sales volumes have moderated from last year, this shift has created a more balanced market where buyers can take time with their decisions.  Well-priced properties continue to attract attention, and experienced REALTORS® are helping both buyers and sellers navigate these changing conditions successfully.”

Total residential sales in September included 325 detached homes (down 4.1 per cent from September 2024), and 91 townhouses (down 5.2 per cent). Sales also included 51 condominium units (down 13.6 per cent) and 34 semi-detached homes (up 6.3 per cent).

In September, the average sale price for all residential properties in Waterloo Region was $753,162. This represents a 4.7 per cent decrease compared to September 2024 and a 3.2 per cent increase compared to August 2025.

  • The average sale price of a detached home was $858,872. This represents a 5.9 per cent decrease from September 2024 and an increase of 1.4 per cent compared to August 2025.
  • The average sale price for a townhouse was $606,871. This represents a 1.7 per cent increase from September 2024 and an increase of 1.8 per cent compared to August 2025.
  • The average sale price for an apartment-style condominium was $442,086. This represents a 8.9 per cent decrease from September 2024 and an increase of 2.0 per cent compared to August 2025.
  • The average sale price for a semi was $621,026.  This represents a decrease of 5.1 per cent compared to September 2024 and an increase of 0.5 per cent compared to August 2025.