Waterloo Region Home Sales Set Another Record in July

There were 734 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 July. July’s home sales increased 25.7% compared to July last year. The previous 10 year average sales in July is 531.

“Competition was high for buyers looking to lock down a house in July,” said Colleen Koehler, President of KWAR.  “The rate of home sales in July resembled the kind of month we would normally see in May, and I chalk up much of that to the pent up demand that built as we moved into Stage 3 of reopening in mid-July.” 

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