Waterloo Region Home Sales Set Another Record in August

There were 686 residential homes sold through the Multiple Listing Service (MLS), the most ever recorded for the Kitchener-Waterloo Association of Realtors (KWAR) for the month of August. August’s home sales increased 48% compared to August last year and an increase by 8% compared to July. The previous 10 year average sales in August is 470.

“Waterloo Region has had an extremely hot market all summer,” said Colleen Koehler, President of KWAR. ”Following a spring market where most people were observing physical distancing guidelines, sales in August continued to be very active with demand continuing to outstrip supply forcing buyers to act quickly.”

KWAR

This is the perfect time to make a move. If that is something you are considering, let’s meet, and go over your best options to obtain the highest selling price possible for you. Demand has far outpaced supply in the market, making it a seller’s market. This means that homes sold with multiple offers, in record time and way above the asking price.

Let’s put your custom plan together, let’s meet if you are looking to make a move in this seller’s market.

Seller's Market