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Waterloo and Wellington Region Real Estate – Market Update February 25th 2018

Market Statistics Week Ending February 25th, 2018

 

This week in real estate our markets saw a few more new listings compared to previous weeks but not nearly enough to meet buyer demands. As low inventory pushes prices higher in the Waterloo and Wellington region real estate markets some sellers may be jumping on opportunities to cash out a few weeks before the traditional spring market starts around mid March. Even so, buyers are starving for inventory as competition continues to be intense and we are still in a strong seller’s market.

Waterloo & Wellington Region Real Estate – Listings Breakdown

New Listings: 261

Sold Pending: 201

Sold Closed: 108

Cancelled & Expired: 42

Active Conditionally Sold & Not Showing: 97

Price Increase: 9

Price Decrease: 51

Back on Market: 25

 

There is your quick summary for the past 7 days in your local real estate markets! What else are you keeping track of heading into Spring 2018? How are you keeping track of important market metrics? We’d love to hear from you, drop us a comment below!

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