For the first time in years we have seen a decrease in the Average Selling Price Y/Y. Down by only 1.2%, this market has been correcting for a few months now and it is safe to say we are looking at averages similar to September 2021. However, what is UNusual about this month’s numbers is that the Cambridge and KW boards have just amalgamated. So keep this in mind and don’t let these numbers skew your perception of our current Real Estate Market. Contact me if you have any questions or concerns.
December 2024 Real Estate Market Stats and Optimism for 2025!
Supply conditions in the Waterloo region have improved over the past year, and with the potential for further policy rate cuts from the Bank of Canada in the coming year, there’s additional optimism for buyers...