Homes prices up in Waterloo Region in March but sales remain slow, Realtors say

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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