Kitchener-Waterloo Association of REALTORS®

Market Conditions


Single detached:

Months of inventory for single detached homes numbered 1 at the end of the first quarter of 2020, down from the 1.7 months recorded at the end of the first quarter of 2019.

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 tighter market, homes spent less time on the market in the first quarter of 2020 than they had a year earlier.

The median number of days on market for single detached homes was tied for a record low of 7 in the first quarter of 2020, down slightly from 11 days in the first quarter of 2019.


Townhouse units:

Months of inventory for townhouse and row units numbered 0.5 at the end of the first quarter of 2020, down slightly from the 0.9 months recorded at the end of the first quarter of 2019.

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 tighter market, townhouse and row units spent less time on the market in the first quarter of 2020 than they had a year earlier.

The median number of days on market for townhouse and row units was 7 in the first quarter of 2020, down from 13 days in the first quarter of 2019.