June Housing Stats Point to More Balanced Market in Waterloo Region
As part of Cornerstone’s ongoing systems harmonizations, we are currently upgrading the data feed from Matrix to MarketStats. During this period, the usual InfoSparks graphs will be omitted from the June statistics, but we anticipate their return next month.
WATERLOO REGION, ON (July 4, 2025) —In June, a total of 676 homes were sold in the Waterloo Region via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone). This represents a 0.3 per cent increase compared to the same period last year and a decline of 21.7 per cent compared to the average number of homes sold in the previous ten years for the same month.
“While home sales in June were relatively stable year-over-year, we’re seeing a more balanced market emerge in Waterloo Region. What’s particularly notable is the increase in condominium sales – up over 34% – suggesting a cohort of buyers looking for more affordable housing options,” says Christal Moura, spokesperson for the Waterloo Region market. “While more listings are coming to market, properties are taking a little longer to sell, giving buyers more time to make informed decisions during their home search.
Total residential sales in June included 442 detached homes (up 5.6 per cent from June 2024), and 113 townhouses (down 17.4 per cent). Sales also included 86 condominium units (up 34.4 per cent) and 35 semi-detached homes (down 25.4 per cent).
In June, the average sale price for all residential properties in Waterloo Region was $780,293. This represents a 1.1 per cent decrease compared to June 2024 and a 1.2 per cent decrease compared to May 2025.
- The average price of a detached home was $896,770. This represents a 0.2 per cent decrease from June 2024 and a decrease of 1.4 per cent compared to May 2025.
- The average sale price for a townhouse was $624,754. This represents a 6.0 percent decrease from June 2024 and a 1.6 percent decrease compared to May 2025.
- The average sale price for an apartment-style condominium was $435,435. This represents a 5.7 per cent decrease from June 2024 and an increase of 0.7 per cent compared to May 2025.
- The average sale price for a semi was $649,039, on par with June 2024 and a 0.5 per cent decrease compared to May 2025.
CORNERSTONE cautions that average sale price information can help establish long-term trends but does not indicate specific properties have increased or decreased in value. The MLS® Home Price Index (HPI) provides the best way to gauge price trends because averages are strongly distorted by changes in the mix of sales activity from one month to the next.
| MLS® Home Price Index Benchmark Price (HPI) | ||||||
| Kitchener-Waterloo | Cambridge | |||||
| Benchmark Type: | June 2025 | Monthly % Change | Yr./Yr. % Change | June 2025 | Monthly % Change | Yr./Yr. % Change |
| Composite | $686,100 | -2.3 | -7.5 | $723,400 | -1.5 | -4.2 |
| Single Family | $805,600 | -2.7 | -5.5 | $767,300 | -1.5 | -3.1 |
| Townhouse | $568,200 | -2.7 | -9.3 | $623,400 | -1.5 | -4.5 |
| Apartment | $417,900 | 1.5 | -8.3 | $458,200 | -0.8 | -6.6 |
“Looking at the HPI benchmark prices, we’re seeing a market that’s adjusting to changing economic conditions. While we’re experiencing some year-over-year price decreases, Waterloo Region’s market fundamentals remain strong, supported by a diversified economy and the region’s appeal as a place of residence for both families and businesses,” says Moura. “These market shifts underscore the importance of working with a professional REALTOR® who can provide crucial guidance on pricing strategies, market timing, and negotiation. Their expertise helps both buyers and sellers adjust their expectations and make informed decisions in this evolving market environment.”
There were 1,514 new listings added to the MLS® System in Waterloo Region last month, an increase 5.3 per cent compared to June last year and a 15.1 per cent increase compared to the previous ten-year average for June.
The average time to sell a home in June was 27 days, compared to 24 days in the previous month. In June 2024, it took 18 days for a home to sell, and the five-year average was 15 days.
View our HPI tool here to learn more: https://www.cornerstone.inc/stats/
Cornerstone Association of REALTORS® cautions that average sale price information can help identify long-term trends but should not indicate that specific properties have increased or decreased in value. The average sale price is calculated based on the total dollar volume of all properties sold. Months’ Supply is the inventory of homes for sale at the end of a given month, divided by the average monthly closed sales from the last 12 months. Those requiring specific information on property values should contact a Waterloo Region REALTOR®. REALTORS® have their fingers on the pulse of the market. They know the questions to ask, the areas to probe and what to look for to get a complete picture of the property and community you’re considering.
ABOUT CORNERSTONE
Cornerstone was formed on July 1, 2024, to better serve and represent REALTORS® in the markets of Mississauga, Burlington, Hamilton, Waterloo Region, Niagara North, Haldimand County, Norfolk County, and surrounding areas. With over 8,000 members, Cornerstone is Ontario’s second-largest REALTOR® association. Our mission is to lead with purpose, advocate boldly and create positive change for the success of our members. Cornerstone’s vision is to redefine the future of real estate through innovation and collaboration.
For more information please get in touch by email at alasdair@royallepage.ca or call my direct line at 519-590-6118.
For more interesting articles and videos please visit;
Website, http://www.alasdair.ca
Free Home Evaluation, http://www.freehomeevaluations.ca
Blue Sky, @alasdairdouglas.bsky.social
Facebook,http://www.facebook.com/FreeHomeEvaluationsInKitchenerWaterloo
YouTube, https://www.youtube.com/channel/UCZv6wE5cUAE4BTBbtMREFOQ
Alasdair Douglas 