The real estate market in Waterloo Region experienced a notable recovery in June, indicating positive signs of a rebound. In comparison to the same period in the previous year, monthly sales witnessed a significant increase, marking the first time this year that such growth has been observed. However, it is important to note that the total number of home sales for the first half of 2023 has decreased by almost 25 percent when compared to the previous year. Despite this decline, there has been a consistent upward trend in sales since the beginning of the year, indicating a potential recovery in the market.