July Market Insight – What’s Happening in Waterloo Region Real Estate

As we progress into July, we wanted to share a quick update on what’s been happening in the Waterloo Region real estate market, and offer a few insights on what we’re seeing as we look ahead.

Things are moving-but at a different pace than in years past. June brought a more balanced market, with more inventory, slightly longer days on market, and buyers taking their time to make decisions.

Market Snapshot – June 2025

• 676 homes sold in June-about the same as last year (up 0.3%), but 21.7% below the 10-year average
• Listings are up 5.3% year-over-year
• Homes are taking longer to sell-averaging 27 days on market (up from 24 in May and 18 in June 2024)
  
  

Breakdown by Property Type

• Detached Homes: 442 sold (↑ 5.6%) | Average price: $896,770 (↓ 0.2%)
• Townhomes: 113 sold (↓ 17.4%) | Average price: $624,754 (↓ 6.0%)
• Condos: 86 sold (↑ 34.4%) | Average price: $435,435 (↓ 5.7%)
• Semis: 35 sold (↓ 25.4%) | Average price: $649,039 (flat year-over-year)
  

The average sale price across all residential property types was $780,293-down 1.1% from June 2024 and 1.2% from May.

What’s Driving the Market?

The market is still adjusting to today’s economic landscape. Interest rates, affordability, and buyer confidencecontinue to play a role in how quickly homes are selling. Many buyers and sellers are waiting to see what happens at the Bank of Canada’s next rate announcement on July 30-another cut could boost market activity, particularly for first-time buyers and those who’ve been waiting on the sidelines.

Despite the shift, Waterloo Region’s fundamentals remain strong:

• A diverse, stable local economy
• Steady housing demand
• A highly desirable place to live, work, and invest

Thinking of Selling?

If you’re considering a move, keep in mind that pricing, product, presentation, and patience all matter. Homes are selling-it’s just taking longer, and strategy is more important than ever.

Curious about your home’s current value or what’s happening in your neighbourhood? Reach out anytime. We’re always happy to discuss your options and help you make a confident next move.