October Real Estate Market Recap
Curious about what happened in the real estate market in October and what it means for you? Whether you are buying or selling, understanding the trends can help you make smarter decisions. Let’s take a look at the key numbers and insights from last month.
The median sale price climbed from $768,700 in September to $795,000 in October, showing a modest but steady increase. Inventory tightened slightly as months of supply dropped from 3.3 to 3.1, meaning there were fewer homes available for buyers to choose from. The median price per square foot also saw a small gain, moving from $382 to $383.
The condo market saw a bit of a different story. The median sale price eased from $441,998 in September to $433,746 in October, while months of supply increased from 7.2 to 7.6. This shift points to a softer condo market with more options for buyers and less competition overall.
Pricing your home right is key. Listing high in hopes that someone might pay more than the market supports doesn't work. Buyers are informed and quick to move on if they don’t see value. Presentation also matters. Keeping your home clean, well cared for, and showing well also makes a big difference. Many buyers today are looking for homes that are move-in ready and do not require a lot of repairs.
This is a great time to buy if you are patient. There are many ways to negotiate a better deal, and through those negotiations, buyers can find real value in today’s market. Interest rates have started to come down, but so far prices have not rebounded. At some point that will change, but for now, buyers who can afford to purchase are in a strong position.
Keeping an eye on the market is always a smart move. Being informed helps you make the best decisions whether you’re buying, selling, or just thinking about it. If you want more advice or a closer look at how these trends affect you, get in touch. We’d love to provide the information you need to make confident, informed decisions; it’s what we do!
Whether you have a big backyard or a small balcony, growing plants is something anyone can do.
With a structured approach and some diligent work, you can get your home ready for the market in just 30 days.
Sometimes the easiest fix is just a good clean. Power wash the walkway and porch, wipe down outdoor furniture and remove any cobwebs or debris.
Getting to grips with their impact is crucial for making savvy home-buying decisions in the KW market.
When a home is staged, potential buyers see exactly where furniture should go and how each room is laid out.
Choosing the right gift for a new homeowner is about striking a balance between practical use and personal significance.
Whether you are buying a luxury home, selling an acreage property, relocating within Ontario, or exploring your next investment, I will help you understand the opportunity and make informed decisions at every stage. My approach is personal, strategic, and grounded in honest communication—from our first conversation through negotiation, closing, and beyond. If real estate is part of your next chapter, I would welcome the opportunity to learn what matters most to you and create a plan around it.
Let’s Talk Kitchener-Waterloo Real Estate
THE GASCHO GROUP
(519) 573 7440
[email protected]
ADDRESS
279 QUEEN ST S
KITCHENER ON, N2G 1W4
