More choice for homebuyers, less people buying in Waterloo Region

Those looking to buy a home in Waterloo Region will have an easier time finding what they want, according to the Cornerstone Association of Realtors (Cornerstone).

Spokesperson for Cornerstone Waterloo Region Christal Moura says the January sales numbers show more balanced conditions between both buyers and sellers.

“The Waterloo Region’s housing market shows promising dynamics as we begin 2025,” she said. “With nearly 50 per cent more active listings compared to last January and inventory levels well above the 10-year average, we’re seeing more choice for buyers in the market.”

Although there was more choice for homebuyers last month, there were less properties exchanging hands.

Over 300 homes sold in Waterloo Region this past January, which is 12 per cent less compared to the same time last year.

Over a ten-year period, it’s a drop of 18.6 per cent for January sales.

Most properties sold were detached homes, with the biggest drop in sales coming in the condominium market, which fell 30.4 per cent year-over-year.

The average sale price for a new home rang in around $755,859.

A full breakdown of the average home sales can be found here.