Kitchener-Waterloo Home Sales Slow

A total of 611 residential homes sold in the Kitchener-Waterloo, ON, region last month through the Multiple Listing Service (MLS System), says the Kitchener-Waterloo Association of REALTORS (KWAR). This is a decrease of 17 per cent compared to the record-setting results of July 2020, but still an above-average number of sales for the month of July. Of the total residential homes sold, 339 were detached, 46 were semi-detached, and 91 were condominiums. “Although home sales slowed down to some degree in July compared to June, overall demand remains very strong,” says Nicole Pohl, president of KWAR. “The current inventory of homes available for sale in the Kitchener-Waterloo and area is extremely low, making Waterloo Region one of the most competitive markets in Ontario.”