Condo’s showing signs of a balanced market in Kitchener Waterloo

I hope you  had a wonderful Canada Day! The weather lately has been great, a little hot for my liking but certainly a good reason to get outside and enjoy it. 

The stats are out for June and things are looking more balanced in the Waterloo Region Real estate market. Let’s take a look…

In June, a total of 676 homes were sold. This represents a 0.3 per cent increase compared to the same period last year and a decline of 21.7 per cent compared to the average number of homes sold in the previous ten years for the same month. 

While home sales in June were relatively stable year-over-year, we’re seeing a more balanced market emerge in Waterloo Region. What’s particularly notable is the increase in condominium sales – up over 34% – suggesting a lot of buyers are looking for more affordable housing options..  While more listings are coming to market, properties are taking a little longer to sell, giving buyers more time to make informed decisions during their home search. 

Total residential sales in June included 442 detached homes (up 5.6 per cent from June 2024), and 113 townhouses (down 17.4 per cent). Sales also included 86 condominium units (up 34.4 per cent) and 35 semi-detached homes (down 25.4 per cent).  

In June, the average sale price for all residential properties in Waterloo Region was $780,293. This represents a 1.1 per cent decrease compared to June 2024 and a 1.2 per cent decrease compared to May 2025.  

• The average price of a detached home was $896,770. This represents a 0.2 per cent decrease from June 2024 and a decrease of 1.4 per cent compared to May 2025.  
• The average sale price for a townhouse was $624,754. This represents a 6.0 percent decrease from June 2024 and a 1.6 percent decrease compared to May 2025.  
• The average sale price for an apartment-style condominium was $435,435. This represents a 5.7 per cent decrease from June 2024 and an increase of 0.7 per cent compared to May 2025.  
• The average sale price for a semi was $649,039, on par with June 2024 and a 0.5 per cent decrease compared to May 2025.  

There were 1,514 new listings added last month, an increase 5.3 per cent compared to June last year and a 15.1 percent increase compared to the previous ten-year average for June.  

The average time to sell a home in June was 27 days, compared to 24 days in the previous month. In June 2024, it took 18 days for a home to sell, and the five-year average was 15 days. 

If you have any questions at all, are thinking of making a move this summer or are wondering what your home might be worth, give me a call or text to 519-497-4646  or shoot me an email to kevinbakerrealestate@gmail.com and we can sit down for a coffee and chat about your family’s needs going forward.

Have a great rest of July!

Kevin