Kevin Amorim Real Estate

Another 5-star Google review from a Waterloo Region client.

"When we moved to Canada with my family we had endless things to worry about however looking for a house to rent went unexpectedly effortlessly because of Kevin. He is a real professional. He was guiding us through the whole process while always explaining in detail what is happening and what is the next step. He was always available for any questions we may have and went above and beyond to make our transition as smooth as possible. I would whole heartedly recommend working with him."
— Csaba Bejan

Reviews like this mean a lot. Behind every transaction is a family making a decision that shapes the next chapter of their life, and I take that seriously.

If you're buying, selling, or just want a straight-up answer about the Waterloo Region market right now, reach out. I'd rather have a 15-minute conversation that saves you a year of waiting than push you into something that isn't right.

Kevin Amorim, RE/MAX Real Estate Centre Inc.
Call or text: 519-501-6098
Email: [email protected]
YouTube: youtube.com/

May numbers for the Waterloo Region market:

→ 625 home sales (-8.0% YoY)
→ Average price $745,909 (-5.7% YoY)
→ 1,442 new listings (-13.3% YoY)
→ 4.0 months supply
→ 23 days on market (-4.2% YoY)

The honest read: both sides are still hesitant.

Sales down 8% YoY. Prices down 5.7%. Buyers in the driver's seat.

What's interesting: sellers stayed on the sidelines too. New listings dropped 13.3%. A standoff.

Homes priced right are moving faster - 23 days on market vs 24 last May.

Numbers via Cornerstone Association of REALTORS.

March numbers for the Waterloo Region market:

→ 492 home sales (+5.4% YoY)
→ Average price $733,258 (-4.4% YoY)
→ 1,082 new listings (-11.2% YoY)
→ 2.9 months of supply
→ 30 days on market (+11.1% YoY)

The honest read: the market is still slow.

Prices are down 4.4% from a year ago. Homes are sitting 11% longer than last March. Buyers are still in the driver's seat.

The one encouraging signal is sales. +5.4% YoY is the first month in a while where buyers have actually shown up in real numbers. Cornerstone summed it up as "significant sales growth" with "continued stability of prices."

That said, one decent month isn't a turnaround. New listings are down 11% so the activity is in a thinner pool. Sellers also haven't come off the sidelines.

Slow-but-stabilizing. Higher lows on sales, prices still drifting. If you're buying, you have time. If you're selling, your competition is light but your buyers are slow.

Numbers via Cornerstone Association of REALTORS.