Summer is here, enjoy!

WATERLOO REGION, BALANCED MARKET.

The Waterloo Region housing market in June 2025 demonstrated stability with 676 homes sold, representing a marginal 0.3% increase from the previous year, though sales remained 21.7% below the ten-year average for the month. The market is experiencing a notable shift toward more balanced conditions, with condominium sales emerging as the standout performer with a 34.4% year-over-year increase to 86 units. This surge in condo sales reflects buyer adaptation to current economic conditions, as purchasers seek more affordable housing options in a market where condominiums average $435,435 compared to $896,770 for detached homes.

The overall market dynamics reveal a more measured pace of activity, with homes taking an average of 27 days to sell compared to 18 days in June 2024. This extended timeline coincides with increased inventory, as 1,514 new listings were added to the market – a 5.3% increase from the previous year and 15.1% above the ten-year average. While detached home sales increased by 5.6%, other property types experienced declines, including townhouses (down 17.4%) and semi-detached homes (down 25.4%).

Price adjustments across the market have been relatively modest, with the overall average sale price of $780,293 representing a 1.1% decrease from June 2024. The most significant price declines occurred in townhouses (6.0% decrease) and condominiums (5.7% decrease), while detached homes showed minimal change at just 0.2% below last year’s levels.

These adjustments reflect the region’s adaptation to changing economic conditions while maintaining strong fundamentals supported by a diversified economy and continued appeal to both families and businesses.

The sales to new listing ratio is at 44.99% indicating we are in a balance market in the buyer’s favour. Balanced is considered by the BOC to be between 40% and 60%.

Average days on market is at 27.

Average sale to list price ratio is at 100.9%

Looking to make a move? Let’s talk about how these changing conditions might benefit your real estate goals. Sell and move forward with confidence!

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Have a great summer!

Lance

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