Waterloo Region Home Sales Moderate in September as Market Continues to Balance
“The September housing market continues to reflect broader economic conditions, with sales remaining below both last year’s levels and the ten-year average,” says Christal Moura, spokesperson for the Waterloo Region market. “While sales volumes have moderated from last year, this shift has created a more balanced market where buyers can take time with their decisions. Well-priced properties continue to attract attention, and experienced REALTORS® are helping both buyers and sellers navigate these changing conditions successfully.”
Total residential sales in September included 325 detached homes (down 4.1 per cent from September 2024), and 91 townhouses (down 5.2 per cent). Sales also included 51 condominium units (down 13.6 per cent) and 34 semi-detached homes (up 6.3 per cent).
In September, the average sale price for all residential properties in Waterloo Region was $753,162. This represents a 4.7 per cent decrease compared to September 2024 and a 3.2 per cent increase compared to August 2025.
- The average sale price of a detached home was $858,872. This represents a 5.9 per cent decrease from September 2024 and an increase of 1.4 per cent compared to August 2025.
- The average sale price for a townhouse was $606,871. This represents a 1.7 per cent increase from September 2024 and an increase of 1.8 per cent compared to August 2025.
- The average sale price for an apartment-style condominium was $442,086. This represents a 8.9 per cent decrease from September 2024 and an increase of 2.0 per cent compared to August 2025.
- The average sale price for a semi was $621,026. This represents a decrease of 5.1 per cent compared to September 2024 and an increase of 0.5 per cent compared to August 2025.
While prices have softened compared to last year, the market is finding its balance. Buyers now have more choice due to inventory levels well above the ten-year average. Moura believes that the fundamentals of our region—its diverse economy, dynamic technology ecosystem, and strong talent base—remain solid foundations of our housing market.
There were 1,469 new listings added to the MLS® System in Waterloo Region last month, an increase 11.0 per cent compared to September last year and a 32.9 per cent increase compared to the previous ten-year average for September.
The total number of homes available for sale in active status at the end of September was 2,094, an increase of 22.2 per cent compared to September of last year and 79.5 per cent above the previous ten-year average of 1,167 listings for September.
The total inventory across the market increased by 29.0 percent, resulting in a 4.0-month supply of all property types by the end of September. Condominium apartments had the highest inventory, with 7.3 months’ supply, followed by townhouses with 4.8 months’ supply and detached homes with 3.3 months’ supply. The number of months of inventory represents the time it would take to sell all current inventories at the current sales rate.
The average time to sell a home in September was 32 days, which was the same in the previous month. In September 2024, it took 28 days for a home to sell, and the five-year average was 19 days.
There were 1,469 new listings added to the MLS® System in Waterloo Region last month, an increase 11.0 per cent compared to September last year and a 32.9 per cent increase compared to the previous ten-year average for September.
The total number of homes available for sale in active status at the end of September was 2,094, an increase of 22.2 per cent compared to September of last year and 79.5 per cent above the previous ten-year average of 1,167 listings for September.
The total inventory across the market increased by 29.0 percent, resulting in a 4.0-month supply of all property types by the end of September. Condominium apartments had the highest inventory, with 7.3 months’ supply, followed by townhouses with 4.8 months’ supply and detached homes with 3.3 months’ supply. The number of months of inventory represents the time it would take to sell all current inventories at the current sales rate.
The average time to sell a home in September was 32 days, which was the same in the previous month. In September 2024, it took 28 days for a home to sell, and the five-year average was 19 days.
See full media release
The statistics provided are based on information from the ITSO MLS® System. Multiple MLS® Systems operate within Ontario, and while none can be guaranteed to include every property listed or sold within a given area, they effectively illustrate market trends.
The statistics provided are based on information from the ITSO MLS® System. Multiple MLS® Systems operate within Ontario, and while none can be guaranteed to include every property listed or sold within a given area, they effectively illustrate market trends.
Understanding Home Value: Key Factors That Determine Worth
When it comes to buying or selling a home, one of the most crucial elements to consider is its value. Home value isn't just a number; it represents a complex interplay of various factors that can influence price. Understanding what determines home value can empower you to make more informed decisions in the real estate market. Here's a closer look at the main factors that determine home value.
Location, Location, Location
The adage "location, location, location" holds true in real estate. A home's value can significantly fluctuate based on its geographical location. Properties situated in desirable neighbourhoods, with good schools, low crime rates, and convenient access to amenities (like parks, shopping, and transportation) often command higher prices. Additionally, proximity to employment centers can also enhance a home's appeal.
Market Conditions
Real estate markets can be quite cyclical, influenced by broader economic conditions. The state of the housing market—whether it's a seller's market or a buyer's market—can significantly impact home values. In a seller's market (where demand exceeds supply), home values typically rise. Conversely, in a buyer's market (where supply exceeds demand), values may stagnate or decline.
Home Size and Features
The size of the home, measured in square footage, directly correlates with its value. Larger homes with more bedrooms and bathrooms often have higher price tags. Additionally, features such as updated kitchens and bathrooms, outdoor spaces, and energy-efficient systems can also enhance a home's value. Buyers often pay a premium for homes with modern amenities and thoughtful design.
Age and Condition of the Property
The age of a home can influence its value as well. Newer homes typically come with modern construction standards, energy efficiency, and lower maintenance costs, making them more attractive to buyers. At the same time, older homes may have charm and character but could require significant renovations, which can detract from their value. It's essential to consider the condition of the property – well-maintained homes will usually garner higher prices than those in need of repairs.
Local Economic Factors
Economic indicators in the local area, such as employment rates, income levels, and economic growth, also play a critical role in determining home values. A strong local economy can lead to job growth, which attracts new residents and drives demand for homes, thereby increasing property values.
School Districts and Community Features
For many homebuyers, being situated in a good school district is a top priority, especially for families with children. Homes in highly-rated school districts generally see higher values and increased demand. Additionally, community features like recreational facilities, cultural attractions, and quality of life can further enhance a home's desirability and value.
Home value is determined by a myriad of factors that go beyond just the current market price. By understanding these elements, homeowners can make better choices when selling or purchasing a property. Whether you're in the market for a new home or looking to sell your current one, being informed about these key determinants can provide a strategic advantage in navigating the real estate landscape. Remember, each home is unique, and its value reflects a combination of these variables.
