Home prices decline in Kitchener-Waterloo for 4th straight month
After the average sale price reached a peak of $1,007,109 in February, that number slid down to $791,674 in June, the realtors say.While that number may bring a sigh of relief for buyers and a sigh of grief for sellers, the average sale price is still 4.2 per cent above where it stood a year earlier, when it clocked in at $759,115.
The average price of detached homes has also continued to drop hand in hand with the average price as it now sits at $920,349, the first time in several months that it has been reported to be less than $1 million by KWAR.“For the fourth consecutive month we’re seeing home prices moderate as the number of properties available for sale has steadily increased,” KWAR president Megan Bell stated.
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