“Despite the monthly decrease in sales volume, Waterloo Region is showing encouraging signs with modest monthly price growth in both Kitchener-Waterloo and Cambridge. The doubling of new listings from December to January demonstrates renewed seller confidence, especially considering January’s challenging weather conditions that included significant snowstorms and periods of extreme cold that prompted weather warnings across the region.” – Bill Duce, Cornerstone CEO
Waterloo Region Area Highlights:
- Waterloo Region home sales decreased 13.9% month-over-month.
- The number of newly listed properties increased 100.3% on a month-over-month basis.
- In Kitchener-Waterloo the MLS® Home Price Index (HPI) increased 1.0% month-over-month and was down 9.3% on a year-over-year basis. In Cambridge the HPI increased 0.3% month-over-month and was down 8.7% on a year-over-year basis.
- The supply of inventory across the market increased 13.6 percent on a year-over-year basis, resulting in a 2.5-month supply of all property types by the end January