Real Estate Market Update – Waterloo Region
As we move into the middle of August, let’s take a look at last month’s numbers for the Waterloo Region. The market has shifted since June, creating opportunities for both buyers and sellers.
In June, the median sale price for single-family homes was $825,000. By July, it had dipped to $786,000.
At the same time, fewer new listings came on the market with 744 in July compared to 891 in June. Despite the smaller inventory, sales remained strong, with 372 homes sold in July compared to 343 at the same time last year.
Average days on market in July 2025 was 21.
Interest rates continue to hold in a favourable range, with 5-year terms now in the 4 percent range. The next Bank of Canada rate announcement is set for September 17.
On the economic side, Canada’s unemployment rate is 6.9 percent, with Kitchener slightly higher at 8.2 percent. June saw 83,000 new jobs added nationally, primarily in retail and healthcare.
Buyers may have more negotiating power, especially if sellers are adjusting expectations after spring, the fact that prices are still dipping means some sellers are willing to make deals to get a sale done. Good homes are still selling quickly, so buyers should be ready to act fast on well-kept listings Interest rates are more favourable so to be looking at locking in with a 5 year mortgage makes sense again
Well-kept homes still sell quickly — presentation, staging, and pricing strategy matter more than ever.
Buyers are more selective — overpriced or poorly maintained properties risk sitting on the market.
Pricing realistically, offering flexibility, and emphasizing quality can help you attract serious offers in this environment.
The Waterloo Region market in July is shifting, offering opportunities on both sides. Buyers can benefit from softer prices and more negotiating room, while sellers who focus on quality presentation, realistic pricing, and strategy can still achieve strong results. Understanding these trends and positioning yourself accordingly is key to success in today’s market.
Have questions? Reach out today so we can review your options and create a plan that works for you!
The sale of your home relies on a number of factors, and we understand it’s easy for things to fall through the cracks.
If you're thinking about making a move and finding a place to call your own, one of the first big questions is whether to rent or buy.
As we move into the middle of August, let’s take a look at last month’s numbers for the Waterloo Region.
At Gascho Group Real Estate, we know that buying or selling a home is more than just a transaction—it’s a big moment in life.
Buying a home is a big milestone—and it can feel overwhelming, especially if you're navigating the process for the first time.
Stepping into 2025, many in Kitchener and Waterloo are keen to achieve their homeownership dreams. However, the landscape has its challenges.
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
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ADDRESS
279 QUEEN ST S
KITCHENER ON, N2G 1W4
