The Riz Team Blog

KITCHENER WATERLOO HOME SALES RETURN TO MORE TYPICAL LEVELS IN 2018
Home Sales Dip in December, While Prices Increase

KITCHENER-WATERLOO, ON (Jan 4, 2019) –– There were 5,823 residential homes sold through the Multiple Listing
System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® in 2018, a decline of 11.1 per cent
compared to 2017.

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NOVEMBER HOME SALES SECOND BEST ON RECORD

KITCHENER-WATERLOO, ON (December 5, 2018) ––Last month a total of 483 residential properties sold in
Kitchener-Waterloo and area through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo
Association of REALTORS® (KWAR). Home sales were up 14.2 per cent in November compared to the same
month last year, and up 19 per cent compared to the previous 10-year November average of 406 sales, making
it the second-best November on record.

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KITCHENER-WATERLOO, ON (November 5, 2018) ––REALTORS® sold 514 homes through the Multiple Listing
System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in October, an increase of
7.8 per cent compared to October of last year.

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KITCHENER-WATERLOO, ON (October 5, 2018) ––REALTORS® sold 448 homes through the Multiple Listing System (MLS®
System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) in September, a decrease of 4.7 per cent compared
to September of last year.

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KITCHENER-WATERLOO, ON (September 6, 2018) ––

August home sales through the Multiple Listing System (MLS®System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) were down 0.8 per cent compared to last month and up 4.8 per cent compared to August of last year. A total of 505 residential properties sold in August compared to 482 the same time last year.

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KITCHENER-WATERLOO, ON (August 2, 2018) ––

July home sales through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) were down 16.8 per cent compared to last month and down 10.6 per cent compared to July of last year.  A total of 504 residential properties sold in July compared to 564 in the same month last year.

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KITCHENER-WATERLOO, ON (June 4, 2018) –– Last month home sales through the Multiple Listing System (MLS®System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) were up 12.5 per cent compared to last month and down 15.3 per cent compared to last year’s record-setting May.

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KITCHENER-WATERLOO, ON (May 3, 2018) –– In April, the 616 residential properties sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) were up 13.7 per cent compared to last month and down 19.6 per cent compared to home sales a year ago. “Home sales in April were as brisk as the temperatures”, says Tony Schmidt, KWAR President. “While down from last year’s record breaking number of sales, it was a slightly more active April than average historically speaking.”

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In March, the 540  residential properties sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), represented an increase of 43.6 per cent compared to last month and a decrease of 25.8 per cent compared to home sales a year ago.

“Home sales in Waterloo Region last month mirrored the greater activity across the Greater Golden Horseshoe. Numbers are down year over year, but the market is showing signs of warming up after the long winter”, says Tony Schmidt, KWAR President. “Make no mistake; we are still deep in a sellers’ market and not expecting that to change for the remainder of the year. And while 2018 won’t be quite as hectic as 2017, the market is going to be demanding. REALTORS® on the street are reporting strong demand throughout the region and receiving multiple offers on many homes.”

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In February, the 377  residential properties sold through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR), were an increase of 40 per cent compared to last month and a decrease of 20.5 per cent compared to home sales a year ago.

“When we consider market activity we have to acknowledge that sales from the previous year or two were an anomaly”, says Tony Schmidt, KWAR President. “If you compare last February against the ten year average of sales, it was a pretty typical February”.

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