The most common question I am asked is, “How’s the real estate market?”. Given the present state of the economy this is a very valid question. For most of us, our home is our greatest investment.
House sales in Kitchener / Waterloo were up in May 2009 compared with the same month last year. According to Kitchener Waterloo Real Estate Board statistics, 478 single detached homes sold in May. This represents a 14.4% increase. Single detached homes made up almost 70% of all sales.
Sales in the range $275,000 - $300,000 increased by 86.4%. The most popular price range iswas $200,000 - $250,000.
The total number of residential listings available decreased by 7.8% in May 2009 compared to a year earlier.
These statistics indicate a very strong market. With fewer listings available, it’s a great time to sell your home and make that next move. Historically low interest rates make this an excellent time to buy.
Contact me at jim@jimdanson.com if you would like an opinion of value for your home, or if you would like more detailed statistics on real estate in Kitchener Waterloo, Ontario.