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

  20182019Change%
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.

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George Patton
Broker

Royal LePage Wolle Realty, Brokerage
519-578-7300