Kitchener-Waterloo Real Estate Board

MLS® Statistics

In Town Residential Properties

©George Patton, Broker

  MARCH 19MARCH 20Change%
Listings (at end of month) 632412(220) (34.81)
Sales 45652973(16.01)
$ Volume $226,647,600$303,002,500$76,354,90033.69
Average Sale Price $497,030$572,780$75,75015.24
Median Sale Price $470,000$537,000$67,000 14.26

Year to the end of the month of March

Total Residential Sales 1,0451,19114613.97
Total $ Volume $507,108,200$667,899,000$160,790,800 31.71

Previous 12 months versus last 12 months   

  Apr 18 - Mar 19Apr 19 - Mar 20Change%
Total Residential Sales 5,2795,4952164.09
Total $ Volume $2,457,832,700$3,054,602,500$596,769,800 24.28

All information based on MLS® data owned by Kitchener-Waterloo Association of REALTORS covering, 01/01/91 to 03/31/20, 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 current situation has caused changes in the real estate market. Many REALTORS are adjusting the way they work. In the last two weeks of the month 91 listings were taken off the market after consultation with sellers based on the recommendations of medical authorities. There are strong suggestions to not do open houses and some showings are being done thru virtual tours. As much as possible, business is being conducted remotely using electronic means. Still, listings and sales went on. 2/3rds of sales in March sold for over asking price. I do not anticipate we will see a busy April in terms of number of sales but demand still outstripped supply so it remains a sellers' market and values could rise. 

George Patton

Royal LePage Wolle Realty, Brokerage