Home Sales are Down and Prices Stabilizing
Sales volume through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR) set a low for the month of February, with 439 homes sold, representing a decrease of 45.0 percent compared to February 2022 and 31.5 percent below the previous 5-year average for the month.
In February, the average sale price for all residential properties in Waterloo Region was $758,698. This represents a 25.1 per cent decrease compared to February 2022 and a 0.6 per cent decrease compared to January 2023.
Info, images, and words are thanks to the Waterloo Region Association of Realtors (WRAR).