mlsstats

Waterloo Region Association of REALTORS

MLS® Statistics

In Town Residential Properties

©George Patton, Broker

	MARCH 22	MARCH 23	Change	%
Listings (at end of month)	370	375	5	0.01
Sales	660	401	(259)	(39.24)
$ Volume	$617,175,900	$313,406,500	($303,769,400)	(49.22)
Average Sale Price	$935,120	$781,560	($153,560)	(16.42)
Median Sale Price	$875,000	$730,000	($145,000)	(16.57)

Year to the end of the month of March

	2022	2023	Change	%
Total Residential Sales	1,558	873	(685)	(43.97)
Total $ Volume	$1,483,127,700	$657,914,700	($825,213,000)	(55.64)

Previous 12 months versus last 12 months

	Apr 21 - Mar 22	Apr 22 - Mar 23	Change	%
Total Residential Sales	6,672	4,424	(2,248)	(33.69)
Total $ Volume	$5,372,831,400	$3,451,147,700	($1,921,693,700)	(35.77)

All information based on MLS® data owned by the Waterloo Region Association of REALTORSŽ covering January 1, 1991 to March 31, 2023 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: Demand continues to outstrip supply as we enter the spring market. Multiple offers are becoming more normal even in higher price ranges. The strategy of waiting 5 to 7 days before entertaining offers is very common in what is now a sellers' market. For the first time in many months, we are seeing that the supply of listings on the market at the end of the month is not sufficient to fill demand in April equal to what sold during March in many price ranges (if no new listings came on the market). The `top end` of the market is busy again with sales over $1 million making up 15% of total sales for the month. Thus, the steep rise in average price from February levels.

DID YOU KNOW: Over the past 27 years Royal LePage Wolle Realty has raised over $260,000 for the Food Bank of Waterloo Region and collected 42,000 lbs of food. Since 2011 we have also raised over $161,000 for the Royal LePage Shelter Foundation. We couldn't do it without the support of our business partners, corporate donors and most largely our clients. We couldn't do it without all of you. Thank you very much for your support in helping us give back to our community. As our motto says|: Helping you is what we do.