Kitchener-Waterloo Real Estate Board

MLS® Statistics

In Town Residential Properties

©George Patton, Broker

Listings 276501225 81.52
Sales 419359(60)(14.32)
$ Volume 185,793,000168,158,300(17,634,700)(9.49)
Average Sale Price 443,370468,41025,0405.65
Median Sale Price 425,000430,0005,000 1.18

Year to the end of the month of February

Total Residential Sales 705600(105)(14.89)
Total $ Volume 302,794,100271,085,50031,708,600 (10.47)

Previous 12 months versus last 12 months   

   Mar 16 to Feb 17Mar 17 to Feb 18Change%
Total Residential Sales 6,1065,823(283)(4.63)
Total $ Volume 2,404,604,0002,690,264,600285,660,600 11.88

All information based on MLS® data owned by Kitchener-Waterloo Association of REALTORS covering, 01/01/91 to 02/28/18, is considered accurate but cannot be guaranteed.  Listing numbers based on number as of last day of month. Sales information does not include properties listed for rent & rented or those which do not provide year-round occupancy.

NOTES:  February numbers show that the market is starting to roll for 2018. More listings appeared but, in many price ranges, these were not enough to fill demand. Sales over asking price jumped from around 30% of sales through the fall and January, to 43% in February. We saw a significant rise in average and median prices from January returning near the levels of May 2017. If this trend continues we may see the return to a sellers' market somewhat like the spring of 2017. I do not expect it to be as extreme given that the market in the GTA has cooled somewhat.


George Patton

Royal LePage Wolle Realty, Brokerage