Hope you had a great summer! Here is what’s happening in the market.

WATERLOO REGION

THE WATERLOO REGION REAL ESTATE MARKET SHOWS SIGNS OF STABILIZATION

In August 2025, 536 homes sold in Waterloo Region, down 1.3 per cent from last year and 23.1 per cent below the 10-year average.

Prices continued to ease, with the overall average at $728,465, a 5.5 per cent drop year-over-year. Detached homes averaged $846,405, townhouses $594,200, condos $433,113, and semis $618,206, with condos being the only category to see a month-over-month gain.

New listings rose to 1,028, up 3 per cent from last year and well above the 10-year average, giving buyers more choice. Homes are taking longer to sell, averaging 32 days compared to 25 last year.

Despite softer conditions there are signs of stabilization, supported by steady interest rates at 2.75 per cent, though inflation and economic uncertainty remain key factors.

The sales to new listing ratio is just over 52% indicating we are in a balanced market. Balanced is considered by the BOC to be between 40% and 60%.

Average days on market is at 32 days. It’s important to note this number reflects only homes that actually sold and not the homes that didn’t or are still on the market.

Average sale to list price ratio is 100.3%.

Looking to make a move? Let’s talk about how these changing conditions might benefit your real estate goals Have a question? Please reach out.

Sell and move forward with confidence!

For more updates click like & subscribe on my YouTube channel for updates and real estate tips! (link below)

Happy Autumn!

Lance

P.S. Check out my latest video below!