Kitchener-Waterloo Real Estate Board

MLS® Statistics

In Town Residential Properties

©George Patton, Broker

  MAY 18MAY 19Change%
Listings (at end of month) 827802(25) (0.004)
Sales 632628(4)(0.001)
$ Volume 297,323,600328,384,30031,060,70010.45
Average Sale Price 470,450522,90052,45011.15
Median Sale Price 440,000485,00045,000 10.23

Year to the end of the month of May

  20182019Change%
Total Residential Sales 2,2902,241(49)(2.14)
Total $ Volume 1,072,592,7001,132,207,90059,615,200 5.56

Previous 12 months versus last 12 months   

  June 17 - May 18June 18 - May 19Change%
Total Residential Sales 5,4435,278(165)(3.03)
Total $ Volume 2,467,570,0002,611,280,200143,710,200 5.82

All information based on MLS® data owned by Kitchener-Waterloo Association of REALTORS covering, 01/01/91 to 05/31/19, 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:  With a somewhat greater total of new listings coming available in May we were able to see some of the pent-up demand filled. The number of sales over asking dropped slightly but not all buyers found their new home. Traditionally, the market begins to slow after the May 24th holiday weekend as people's attention turns towards weddings, BBQs and summer vacations. But this past May was busier after the holiday then before. This could bode well for June provided we continue to see new listing numbers grow.

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George Patton
Broker

Royal LePage Wolle Realty, Brokerage
519-578-7300