06/10/2026
📊Waterloo Region Market Update – May 2026📊
“Real estate sales activity has consistently increased since the start of the year; however, May 2026 marks one of the slowest months on record across our market areas. While overall activity has not yet reached the levels we have seen in previous years, the monthly gains since January represent steady growth and signal a gradual return of buyer confidence,” says Bill Duce, CEO of Cornerstone.
Market Highlights
- Sales activity has increased steadily each month since January, indicating improving buyer confidence.
- Inventory levels remain balanced.
- Benchmark prices show minor monthly fluctuations but remain below May 2025 levels across all major markets.
- Buyer confidence appears to be gradually returning despite slower-than-normal spring market conditions.
- Homes are selling faster than earlier in the year.
- Average Residential Sale Price: $744,976 (representing a 4.3% decrease)
- Total Sales: 634 residential listings sold through MLS
- Average Days on Market: 42 days
It will be interesting to see how things change for next month – Stay tuned!📈📉👀