selling | KW Condos and Lofts.com

April Real Estate Update for Waterloo Region

I hope you are having a great spring so far. I have to say its been one of the coldest ones I can remember in a long time. More importantly, Mothers Day is coming up this weekend so make sure you treat your mom to something special.

The Real Estate market stats are out for April so lets take a look….

The Waterloo Region real estate market continues to build momentum as we move further into the spring season. April brought a noticeable increase in both new listings and overall activity, giving buyers more options while still maintaining solid opportunities for sellers who position their homes correctly.

The average residential sale price came in at $754,433, down 3.8% year over year. While that headline number shows a modest decline, it’s important to view it in context—pricing adjustments are helping fuel activity, and well-priced homes are still selling effectively. Properties are taking an average of 25 days to sell, reflecting a market that is active but no longer moving at the rapid pace seen in previous years.

Inventory levels are sitting at 3.6 months of supply, which puts us in more balanced territory overall. In April, 1,390 new listings hit the market, while 563 homes were sold through MLS—clear signs that both buyers and sellers are actively engaging.

Looking deeper into specific property types reveals how varied the market really is right now:

Single-detached homes remain the dominant segment, with 361 homes sold. The average price sits at $867,132, down 5.7% year over year, while inventory has tightened slightly to 2.7 months. Demand is still steady here, especially for homes that are priced appropriately and show well.

Semi-detached homes are currently the most competitive segment, with just 1.4 months of inventory—the lowest across all categories. There were 41 sales in April, with an average price of $612,954, down 7.4% year over year. Limited supply continues to create pressure in this segment.

The condo market is telling a different story. With 53 units sold and inventory rising significantly to 8.6 months (up 14.7%), buyers have more leverage and choice. The average price sits at $426,833, reflecting a 9.8% year-over-year decrease. This segment may present opportunities for first-time buyers or investors looking to enter the market at a lower price point.

Townhomes fall somewhere in between, with 106 sales and an average price of $592,496, down 4.8% year over year. Inventory is at 4.4 months, indicating a more balanced environment where neither buyers nor sellers have a clear upper hand.

The key takeaway right now is that this is a strategic market. It’s no longer about simply listing a home and expecting immediate results. Success depends on pricing accurately, presenting the property well, and understanding how your specific property type is performing. Buyers, on the other hand, have more room to be selective—but need to act decisively when the right opportunity comes up.

If you have any questions at all, are thinking of making a move this spring/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 your week and Happy Mothers day to all the mom’s!

Kevin

May 6, 2026 | Categories: Buyers, Kitchener Waterloo, Loft Style, New Construction, Sellers, Uncategorized | Tags: condo buying, condo units, first time buyer, housing-market, investing, kitchener, loft, market update, real estate, realtor, remax, selling, twin city realty, waterloo | Leave a comment

Listing Inventory Up in Kitchener Waterloo and Cambridge for July

I hope you are having an amazing long weekend. The rain has put a bit of a damper on things but overall the weather this summer has been wondeful. I know the crops and my grass have never looked so good!

The numbers are out for July in the Kitchener Waterloo and Cambridge real estate markets and things are looking good. Listing inventory is gaining steam as well as single detached home prices. The townhouse and condo markets are still struggling a bit but overall moving up over last month. Lets take a look at the numbers…

In July, there were 607 homes sold, representing an increase of 10.4 per cent compared to the previous year and a decline of 21.6 per cent compared to the previous 5-year average for the month.

The Waterloo Region residential real estate market experienced some growth in terms of unit sales and supply in July, with home prices showing moderate fluctuations, despite the Bank of Canada’s most recent interest rate hike, we saw more sellers coming off the sidelines with new listing activity reaching its second highest level for the month of July in over a decade.

Total residential sales in July included 364 detached (up 8.3 per cent from July 2022), and 120 townhouses (up 7.1 per cent). Sales also included 74 condominium units (up 15.6 per cent) and 44 semi-detached homes (up 22.2 per cent).

In July, the average sale price for all residential properties in Waterloo Region was $795,778. This represents a 5.8 per cent increase compared to July 2022 and a 5.2 per cent decrease compared to June 2023.

The average price of a detached home was $920,635. This represents an 8.8 per cent increase from July 2022 and a decrease of 8.4 per cent compared to June 2023.
The average sale price for a townhouse was $670,283. This represents a 4.4 per cent increase from July 2022 and an increase of 0.5 per cent compared to June 2023.
The average sale price for an apartment-style condominium was $496,757. This represents a decrease of 4.8 per cent from July 2022 and an increase of 5.6 per cent compared to June 2023.
The average sale price for a semi was $665,328. This represents an increase of 0.6 per cent compared to July 2022 and a decrease of 3.8 per cent compared to June 2023.

July Average Sales Price by Property Type

MLS® Home Price Index Benchmark Price
	Kitchener-Waterloo			Cambridge
Benchmark Type:	July 2023	Monthly % Change	Yr./Yr. % Change	July 2023	Monthly % Change	Yr./Yr. % Change
Composite	$765,000	-1.7	1.8	$764,600	-1.8	-1.2
Detached	$869,000	-2.3	4.4	$797,100	-2.2	1.2
Townhouse	$648,700	0.6	-0.3	$663,200	0.5	-11.9
Apartment	$484,900	1.2	-5.5	$492,600	2.2	-14.8

In this ever-evolving market, demand persists despite the changing landscape. Increased listing activity is certainly welcomed to help offset the lack of supply and pent-up demand.

There were 1,194 new listings added last month, an increase of 1.4 per cent compared to July of last year and a 10.8 per cent increase compared to the previous ten-year average for July.

The total number of homes available for sale in active status at the end of July was 1,107, a decrease of 14.8 per cent compared to July of last year and 22.6 per cent below the previous ten-year average of 1431 listings for July.

There were 2.0 months of inventory at the end of July, up slightly from the end of June and in line with the previous 10-year average. The number of months of inventory represents how long it would take to sell off current inventories at the current sales rate.

The average number of days to sell in July was 16, compared to 18 days in July 2022. The previous 5-year average is 18 days.

Average Sales Price – Municipality