The Riz Team Blog

Steady Home Sales in August….

A total of 483 residential sales occurred through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in August. This was 19.2 per cent below August 2016’s record breaking 598 units sold but still ahead of the previous 5-year August average of 473 sales. Residential sales last month brings a year-to-date total of 4,876 residential units, an increase of 3.7 per cent compared to 2016. “I think we’re seeing some stability return to the market” says James Craig, President of KWAR. “Last summer’s record setting sales was unsustainable and created a market that no one enjoyed.”

The Riz Team Market Update August 2017

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This entry was posted on Friday, September 8th, 2017 at 11:48 am and is filed under Kitchener Buyers, Kitchener Sellers, Market Update, News From the City, Real Estate News, Waterloo Buyers, Waterloo Sellers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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