Inventory is up, days-on-market is shifting, and rates are stabilizing. Here's a clear breakdown of where the Waterloo Region market actually stands this quarter.
1. Inventory: Up 14% YoY Active listings hit a 4-year high in May. Sellers who waited out 2024–2025 are returning to the market now. More choice for buyers, more competition for sellers.
2. Days on Market: 28 (up from 19) Last spring, well-priced homes were going in 5–7 days. Now expect 3–4 weeks for the average property. Premium and turn-key homes still move fast.
3. Median Sale Price: $748K Down 2.1% YoY across Waterloo Region. Kitchener and Cambridge softer than Waterloo. Detached holding stronger than condo.
4. Sale-to-List Ratio: 98.2% Down from a 102% peak in 2022. Homes selling at or just below ask. Multiple offers are now neighbourhood-specific, not market-wide.
5. Mortgage Rates: ~4.4% (5-yr fixed) Stabilized after the spring drop. Most economists expect another 25–50 bps cut by year-end. Variable still slightly higher than fixed.
My Approach: I update market data weekly and brief clients in plain English. If you're thinking about timing a move, let's look at your specific neighbourhood — regional averages mask what's actually happening on your street. Buyers have leverage right now. Sellers need to price right out of the gate.
Want a market briefing tailored to your neighbourhood and timeline? Let's talk.
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