Kitchener Waterloo Real Estate Board Statistics for May 2010

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Kitchener Waterloo Real Estate Board Statistics for May 2010

By Warren McNeil

The Table below shows the most relevant real estate data for the month of May 2010 and compares it with the previous month and the previous year, (previous month) April 2010 and (previous year) May 2009, respectively. This information is for single detached only in all areas.

WATERLOO REGION (ALL Areas)	(May 10)	(May 09)	%CHANGE 09/10	(Apr 10)	%CHANGE Apr/May
UNITS SOLD	432 SOLD	478 SOLD	-9.6%	485 SOLD	-10.9%
AVERAGE PRICE SOLD	$338,209	$304,009	+11.2%	$331,305	+2.1%
ACTIVE LISTINGS (END of PERIOD)	1629 ACTIVE	1649 ACTIVE	-1.2%	1397 ACTIVE	+16.6%
AVERAGE DAYS ON MARKET	37 DAYS	49 DAYS	-24.5%	43 DAYS	-14%
SALE PRICE TO LIST PRICE RATIO	98.3%	97.8%	+0.4%	98.5%	-0.2%

The above information is believed to be correct errors and ommissions accepted.

From the above graph you can see that the market is slowing a bit. Unit sales are down 10.9% over the same month last year. However the average house price is up 13% YTD for single detached houses in Kitchener-Waterloo.

Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil
RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118