Category Archives: Real Estate News

April 2023 – Demand Remains Strong as Home Prices Increase Month-Over-Month

Sales volume through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) remained subdued last month, with 670 homes sold in April, representing a decrease of 22.0 per cent compared to April 2022 and 18.0 percent below the previous 5-year average for the month. “The local spring market is off…

March 2023 – Home Prices Inch Up in March as We Enter the Spring Market

Sales volume through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) set another low last month, with 611 homes sold in March, representing a decrease of 38.4 per cent compared to March 2022 and 33.6 per cent below the previous 5-year average for the month.“Sales activity was well below…

February 2023 – Home Sales still down but Sale Prices stabilizing in February

Sales volume through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) set a low for the month of February, with 439 homes sold, representing a decrease of 45.0 per cent compared to February 2022 and 31.5 per cent below the previous 5-year average for the month. “Once again, we…

January 2023 – Home Sales Remain Slow In January

The number of homes sold last month through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) totalled 297 units, a decrease of 41.9 per cent compared to January 2022 and 31.0 per cent below the previous 5-year average for the month. “Waterloo Region’s home sales in January were at…

December 2022 – December Home Sales Lowest in Five Years.

There were 7,770 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) in 2022, a decrease of 24.8 per cent compared to 2021. On a historical basis, 2022 performed lower than previous years, with annual sales down 12.4 per cent compared to the previous 5-year average, and…

November 2022 – Total Home Sales in November were 453 Units

The number of homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) totaled 453 units, a decrease of 43.7 per cent compared to November 2021 and 34.2 per cent below the previous 5-year average for the month. Total residential sales in November included 280 detached (down 38.3…

October 2022 – Fewer Homes Sold in October

491 residential homes were sold last month through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), a decrease of 39.7 per cent compared to October 2021 and 36.2 per cent below the previous 5-year average for the month. Total residential sales in October included 310 detached (down 38.2 per…

September 2022 – Home Sales Decline in September, Market Moves Towards More Balanced Conditions

518 residential homes were sold last month through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), a decrease of 25.3 per cent compared to September 2021 and 30.8 per cent below the previous 5-year average for the month. Total residential sales in September included 313 detached (down 18.9 per…

August 2022 – Rising Borrowing Costs Continue to Tame Home Sales in August

659 residential homes were sold last month through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) in August, a decrease of 8.1 per cent compared to August 2021 and 11.2 per cent below the previous 5-year average for the month. Total residential sales in August included 413 detached (down…

July 2022 – Home Sales Slow Down in Waterloo Region as Interest Rates Rise

There were 550 residential homes were sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) in July, a decrease of 32.8 per cent compared to July 2021, and 32.3 per cent below the previous 5-year average for the month. “In the wake of July’s interest rate hike, home…