The Waterloo Region Association of Realtors says that 596 homes changed hands last month, which is down from 3.2 per cent from 2023, and 33.4 per cent over the previous five years.
While home sales were setting new lows in Waterloo Region, prices took a slight uptick, according to realtors in the area.
“While home sales in Waterloo Region hit a record low for March in over two decades, we’re also witnessing a positive trend,” WRAR president Christal Moura stated. “Over the past three months, prices and activity have started to pick up, and I expect this momentum will continue into the spring.”On average, homes sold for $806,279 in March which is 3.6 per cent above February when the homes were selling for $755,934, on average.
There were just over 1,000 homes put on the market in March which is 18.7 per cent higher than a year earlier but 15.9 per cent below the previous 10-year average.
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