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MLS Listings Stats Week Ending April 8th, 2017

Houses For Sale in Cambridge, Kitchener, Waterloo & Guelph!

A welcome boost to real estate inventory means more houses for sale in Cambridge, Kitchener, Waterloo and Guelph. This signals unofficial beginning of Spring market! MLS listings stats show a big jump in new listings with more and more sellers coming to market (455 this week compared to 258 the week before). This brings much more selection to buyers but due to the seasonality of our real estate market you can expect the amount of active buyers have increased as well. Regardless, the real estate markets in the major market centres of Waterloo, Kitchener, Cambridge, and Guelph are still in strong sellers markets. This signals that it is still a great time for sellers to list.

Waterloo & Wellington Region Real Estate – MLS Listings Stats Breakdown

New Listings: 455

Sold Pending: 256

Sold Closed: 201

Cancelled & Expired: 107

Active Conditionally Sold & Not Showing: 154

Price Increase: 5

Price Decrease: 75

Back on Market: 17

Significant Increase to Inventory Kicks of Spring Real Estate Market

The Waterloo and Wellington regions experience a welcome increase in new listings coming to market with 455 new listings in the last 7 days. This compared to just 280 new listings the previous week shows that our spring market has arrived! Houses for sale in Cambridge, Waterloo, Kitchener and Guelph increased primarily due to the seasonality, as well as the timing of national holidays which typically causes sellers to push listing dates. It is important to note that inventory has been particularly low for the first three months of 2018 coming off new regulation changes and an extended Winter. This has maintained the region’s strong seller’s market that is extending into two, almost three years dating back to 2015.

To summarize the other notable stats we had a comparable number of sold pending and conditionally sold listing to the previous week. Sold pending listings for the last 7 days was 256 compared to 258 the previous week. Conditionally sold listings were 154 this past week compared to 150 the previous 7 days. Additional numbers for Cancelled, sold closed, back on market and price decreases remained similar to the previous week with nothing significant to report.

Overall we expect the seasonal trends to continue through the coming weeks. With more inventory and more pleasant weather we can expect more available inventory and more active buyers. Stay updated on market trends, newest listings, and the best buying and selling strategies with us on Facebook and our website! Comment and share what you would like to see and stay tuned for more great content.

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