Market Watch April 2025
Hope this finds you well!
WATERLOO REGION
The spring market continues to evolve in Waterloo Region. April saw 595 homes change hands – down 14% from last year as our market re balancing continues. Good news for buyers: inventory is up 75% above the 10-year average with nearly four months of supply!
Average prices holding relatively steady at $789,639 with detached homes at $927,591, townhouses at $615,982, and condos at $473,079.
With homes now taking about 20 days to sell (vs 15 days last year), buyers have more room for due diligence and negotiations, while sellers need strategic pricing and patience.
Despite the shift from the intense seller’s market we’ve grown accustomed to, Waterloo Region’s strong economic foundation in tech, manufacturing, education and healthcare continue supporting long-term market stability.
Currently the sales to new listing ratio is at 43% indicating we are in a balanced market. Balanced is considered by the BOC to be between 40% and 60%.
Now that we have a new leader in place we may see changes in market conditions. Follow my YouTube channel for more on this as it unfolds.
Looking to make a move? Let’s chat about how these changing conditions might benefit your real estate goals! Sell and move forward with confidence!
For more updates click like & subscribe on my new YouTube channel! (link below)
Lance
📊 GTA HOUSING MARKET UPDATE: APRIL 2025
April showed the typical spring bounce in home sales compared to March, but we’re still seeing cautious buyers with sales down 23.3% year-over-year!
Buyers are clearly waiting for lower interest rates as they have been increasing and watching how our post-election trade relationship with the US unfolds before making moves.
Inventory is UP with new listings increasing 8.1% compared to last April, giving you more choice and negotiating power! Average selling price sits at $1,107,463 (down 4.1% from last year). The benchmark price fell $60,000 from March 2025.
The combination of lower prices and reduced borrowing costs means more affordable monthly payments for buyers ready to make a move.
Pre-construction sales are trending down, which means fewer new homes in the pipeline while our population continues to grow. This supply/demand imbalance will continue to evolve.
Currently the sales to new listing ratio in the GTA is at 36% indicating clearly a buyer’s market. Balanced is considered by the BOC to be between 40% and 60%.
If you are considering buying or selling, contact me anytime to answer your questions, big or small. Call now!
Problem solver in the real estate market.
Sell and move forward with confidence!
Lance Nielsen
519-748-7057
Lance@LanceNielsen.com
