Kitchener-Waterloo Real Estate Board

MLS® Statistics

In Town Residential Properties

©George Patton, Broker

  JULY 18JULY 19Change%
Listings (at end of month) 755686(69) (9.13)
Sales 4405167617.27
$ Volume $204,881,400$264,656,300$59,774,90029.18
Average Sale Price $465,640$512,900$47,26010.15
Median Sale Price $435,000$475,000$40,000 9.20

Year to the end of the month of July

  20182019Change%
Total Residential Sales 3,2813,654732.22
Total $ Volume $1,544,244,900$1,710,708,300$166,463,400 10.78

Previous 12 months versus last 12 months   

  Aug 17 - July 18Aug 18 - July 19Change%
Total Residential Sales 5,2745,4001262.39
Total $ Volume $2,415,094,800$2,767,591,500$352,496,700 14.60

All information based on MLS® data owned by Kitchener-Waterloo Association of REALTORS covering, 01/01/91 to 07/31/19, 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:  Stronger activity in the lower price ranges highlighted the trend in July. Sales below $460,000 made up 5% more sales in July as compared to June 2019. Much of this was in the $400,000 to $460,000 price range. This drove both the average and median prices lower. This enhancement of lower end activity is also reflected in the supply available going into August. In most price ranges below $625,000 there is barely a month's supply of listings to fill demand equal to that of July. In one price range there is only a ONE WEEK supply. Without an increase in new listings coming to market, something not usually common the the middle of summer, August could be a very tough month for buyers.

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George Patton
Broker

Royal LePage Wolle Realty, Brokerage
519-578-7300