State of the Kitchener Waterloo Real Estate Market

After a record month in May (see Market Cooling After Red Hot May) for the local housing market, June has slowed down to a more reasonable pace of growth and sales. Sales of single family residential homes for the month are down slightly, while the listing inventory has continued to grow.  Price reductions are becoming more common, and most homes are not selling for their listed price.  It is a fantastic time to buy, since seller’s are so happy when they see an offer come in, that you can have it conditional on all sorts of stuff and they will still accept it!

Even though the housing market is cooling a little bit, a large number of homes are still selling per month, and if you price your home correctly you may still sell in a very short time.  If your Real Estate team have systems that maximize the exposure your home gets when it is new to the market, you increase your chances at a quick sale.

My team, The Home Team, puts together customized ‘viral marketing’ campaigns for our VIP sellers (as well as anyone who uses our platinum marketing plan), and it is phenomenal at generating word of mouth ‘buzz’, which is so instrumental to receiving multiple offers and increasing desire for the home.

One response to “State of the Kitchener Waterloo Real Estate Market

  1. \”We can\’t solve problems by using the same kind of thinking we used when we created them.\” – Albert Einstein

    Well said great fellow!

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