Kitchener-Waterloo Association of REALTORS®

Market Conditions


Single Detached

Months of inventory for single detached homes numbered 1.7 at the end of the second quarter of 2022, up from the 0.5 months recorded at the end of the second quarter of 2021.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

With a more balanced market, homes spent more time on the market in the second quarter of 2022 than they had a year earlier.

The median number of days on market for single detached homes was 8 in the second quarter of 2022, up slightly from 6 days in the second quarter of 2021.


Townhouse

Months of inventory for townhouse and row units numbered 1.4 at the end of the second quarter of 2022, up from the 0.4 months recorded at the end of the second quarter of 2021.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

With a more balanced market, townhouse and row units spent more time on the market in the second quarter of 2022 than they had a year earlier.

The median number of days on market for townhouse and row units was 9 in the second quarter of 2022, up slightly from 7 days in the second quarter of 2021.



Apartment Units

Months of inventory for apartment units numbered 2.6 at the end of the second quarter of 2022, up from the 0.8 months recorded at the end of the second quarter of 2021.

The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

With a more balanced market, apartment units spent more time on the market in the second quarter of 2022 than they had a year earlier.

The median number of days on market for apartment units was 10 in the second quarter of 2022, up slightly from 8 days in the second quarter of 2021.



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