Kitchener-Waterloo Real Estate Board

MLS® Statistics

In Town Residential Properties

©George Patton, Broker

  MARCH 18MARCH 19Change%
Listings (at end of month) 61563217 2.76
Sales 484456(28)(5.79)
$ Volume 231,024,600226,647,600(4,377,000)(1.89)
Average Sale Price 477,320497,03019,7104.13
Median Sale Price 450,000470,00020,000 4.44

Year to the end of the month of March

Total Residential Sales 1,0931,045(48)(4.39)
Total $ Volume 507,062,500507,108,20045,700 0.01

Previous 12 months versus last 12 months   

  Apr 17 - Mar 18Apr 18 - Mar 19Change%
Total Residential Sales 5,6565,279(377)(6.67)
Total $ Volume 2,602,494,4002,457,832,700(144,661,700) (5.56)

All information based on MLS® data owned by Kitchener-Waterloo Association of REALTORS covering, 01/01/91 to 03/31/19, 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:  The spring market got going in March although it was held back by the continued lack of listings, particularly for those asking below $400,000. This drove the market more toward a sellers' market with sales above the asking price jumping to 48% of total sales for the month. The resulting rising values were reflected in a jump in both average and median prices. Sales under $300,000 shrank to under 10% of total sales while sales over $500,000 made up almost 39% of total sales. The persistent lack of product [properties for sale] will probably mean buyers will continue to have to compete to 'win' in the competition for listings which, in turn, will mean even more elevated average and median prices.


George Patton

Royal LePage Wolle Realty, Brokerage