As of today, the Housing Index is: .52
Welcome to Kitchener-Waterloo Market Watch, a new blog which will track and report on the housing market in Kitchener-Waterloo (and surrounding area). One way we monitor the market is by tracking and publishing the Kitchener-Waterloo Housing Index, which is an indicator of buyer intensity for listed single family residential homes in the Kitchener-Waterloo Area (more areas to be added soon).
The Index is found by adding the number of closed sales in the past 30 days with the number of conditional sales currently pending. This number is then divided by the total number of available homes & condos. A higher number indicates more buyer competition for each home on the market; a lower number indicates less buyer competition for each home. A number below .80 indicates a market that favours buyers, while a number above 1.0 indicated a market that favours sellers.
This blog will also track the ups and downs of the market in less imperical ways, since it is written by a Realtor.
Check back often to keep on top of the ever changing market.