July 2025 Waterloo Region Real Estate Market Update
The Waterloo Region housing market remained steady in July 2025, with 644 homes sold through the Multiple Listing Service® (MLS®) system — consistent with last year’s sales volume. However, sales are down 14.3% compared to the 10-year average for July, signaling a market that continues to adjust amid evolving economic conditions.
What’s Happening in the Market?
According to Christal Moura, spokesperson for the Waterloo Region market, “While sales volumes remained stable compared to last year, we’re seeing continued price adjustments across all property types. The Bank of Canada’s decision to hold interest rates steady in July, combined with increased inventory and price moderation, is creating more opportunities for buyers who have been waiting to enter the market. However, ongoing economic uncertainties, including the Canada-US trade situation, continue to affect consumer confidence.”
Sales Breakdown by Property Type
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Detached Homes: 383 sold — a slight increase of 0.5% from July 2024
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Townhouses: 123 sold — down 5.4%
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Condominiums: 80 sold — down 3.6%
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Semi-Detached Homes: 55 sold — up 14.6%
Price Trends
The average sale price for all residential properties in Waterloo Region was $735,082, reflecting a 6.0% decrease from July 2024 and a 5.7% drop from June 2025.
| Property Type | Average Sale Price | Change vs. July 2024 | Change vs. June 2025 |
|---|---|---|---|
| Detached Homes | $857,579 | -6.2% | -4.5% |
| Townhouses | $603,245 | -2.8% | -3.5% |
| Apartment Condos | $415,559 | -16.7% | -4.4% |
| Semi-Detached Homes | $644,930 | -3.3% | -0.6% |
Note: Average sale prices provide insight into long-term trends but can be influenced by the mix of sales each month. The MLS® Home Price Index (HPI) offers a more accurate view of price trends.
MLS® Home Price Index (Benchmark Prices)
| Area | Composite Price | Monthly % Change | Year-over-Year % Change |
|---|---|---|---|
| Kitchener-Waterloo | $677,900 | -1.2% | -7.3% |
| Cambridge | $711,600 | -1.7% | -4.2% |
Market Inventory & Days on Market
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New Listings: 1,356 properties added in July — a 3.1% decrease from last year but a 21.2% increase over the 10-year July average.
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Average Days to Sell: 32 days in July, up from 27 days in June and 22 days in July 2024.
This longer average time on the market reflects a more balanced environment, allowing buyers to take their time making informed decisions while sellers adjust expectations accordingly.
What This Means for Buyers and Sellers
Buyers benefit from increased inventory and moderated prices, creating more opportunities to find the right home. Sellers should stay informed about current market trends and price their properties competitively to attract serious buyers.
If you’re thinking about buying or selling in Waterloo Region, Sadler Real Estate Group is here to help you navigate the process with confidence and ease. Reach out to us today — we’d love to guide you every step of the way.
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