April brought the kind of seasonal boost we expect in home sales, but activity still fell short of what we’ve typically seen over the past decade. The local market is clearly shifting—inventory levels have climbed significantly and now sit well above the 10-year norm, with nearly four months of housing supply available across all property types.
This increase in inventory is giving buyers more breathing room—there’s more time to view properties, do research, and negotiate. On the flip side, sellers are navigating a more competitive landscape, where accurate pricing and patience are key.
Even with the cooling from recent years’ fast-paced market, the Waterloo Region remains economically strong. The area’s steady job growth in sectors like tech, manufacturing, education, and healthcare continues to support long-term market health. If you’re feeling unsure about timing or strategy, it’s worth remembering that real estate in this region has consistently shown strong long-term value. Partnering with a REALTOR® who understands these evolving conditions can make all the difference.
