Spring Market is in Full Bloom!

By Warren McNeil,

The spring market is upon us and we are really seeing things starting to pick up. The market here in Kitchener Waterloo is balanced. We are enjoying a stable market. Re/Max released a report Monday that stated that first-time buyers have the benefit of selection and can take their time when looking for a house in Kitchener Waterloo. This doesn’t mean that houses are taking longer to sell because we are still seeing multiple offers in some situations. It means that there is enough inventory for buyers to take their time searching.  Although the average home price for a house in Kitchener Waterloo is around 285,000. First-time home buyers are paying  more to be in better areas. Condos are also very popular right now with buyers looking for new construction in the downtown Kitchener and uptown Waterloo areas.

Time will tell what the effects of the increase in interest rates will have on the real estate market. For now the rates are still low and things look pretty stable here 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
Connect with us on the following social networks Facebook: www.facebook.com/TeamMcNeilRemax
websites: www.TeamMcNeil.com, www.ClickThatHouse.com, www.KitchenerLofts.com, www.ElmiraRealEstate.ca