“The Waterloo Region housing market is cooling, with a year-over-year decrease in home sales in June, while the number of homes for sale is rising, offering more inventory to buyers,” says Christal Moura, Cornerstone spokesperson for the Waterloo Region market area.”
“May saw a dip in the number of sales across all categories, with condo apartments experiencing the largest drop,” says Christal Moura, president of WRAR. “The Condo market also had the greatest supply level, posing a challenge for sellers, especially for units with one or fewer bedrooms, where the current inventory level is exceeding buyer demand.”
“The real estate market appeared to be well-balanced last month,” says Christal Moura, president of WRAR. “The market experienced a slight increase in home sales and moderate price fluctuations. Additionally, the number of homes for sale reached an eight-year high for the month of April, which translates to more available options for potential buyers.”
“While home sales in Waterloo Region hit a record low for March in over two decades, we’re also witnessing a positive trend,” says Christal Moura, president of WRAR. Over the past three months, prices and activity have started to pick up, and I expect this momentum will continue into the spring.”
“Home sales remained sluggish in February, up over last year’s record-breaking low, but still well below historical norms for February,” says Christal Moura, president of WRAR.
The Waterloo Region Association of REALTORS® (WRAR) recently visited nine local charitable organizations to deliver cheques totaling $63,248.
The Waterloo Region Association of REALTORS® (WRAR) recently visited nine local charitable organizations to deliver cheques totaling $63,248.
“This momentous vote brings our members one step closer to belonging to Cornerstone Association of REALTORS®, a new Association poised to provide the tools REALTORS® want and need,” says Christal Moura, President of WRAR. “By harnessing the power of collaboration, the new organization will strengthen and empower REALTORS® with technology providers, consumers, government, and other stakeholders.”
“It should not be a surprise to anyone that for the second year in a row, the housing market in Waterloo Region has been affected by higher interest rates, resulting in a significant decline in annual sales,” says Christal Moura, President of WRAR. “This year’s sales reached their lowest point in over two decades.”
“It should not be a surprise to anyone that for the second year in a row, the housing market in Waterloo Region has been affected by higher interest rates, resulting in a significant decline in annual sales,” says Christal Moura, President of WRAR. “This year’s sales reached their lowest point in over two decades.”
