The Waterloo Region market is showing strong signs of spring momentum. Sales increased by 14% month over month, while new listings jumped nearly 28%, giving buyers more choice and helping balance the market.
Home prices saw modest movement. In Kitchener-Waterloo, prices edged up slightly from last month but remain lower than this time last year. Cambridge saw a bit more monthly growth, though prices there are also still down year over year. This tells us the market is active, but still adjusting.
Inventory levels are sitting at a 3.6 month supply, similar to last year but higher than the long term average. This means conditions are more balanced overall, with less of the intense competition we saw in previous years.
What stands out right now is how differently each area within Waterloo Region is performing. This is not a one size fits all market. Whether you are buying or selling, understanding your specific neighbourhood matters more than ever.
If you are thinking about making a move this spring, having a clear strategy based on local trends can make all the difference.
Have questions about what this means for you? Reach out anytime, I’m here to help.