“We’re seeing record setting sales activity this month, but it’s a different story on the inventory side,” commented Charlotte Zawada, KWAR president. New listings were down 29.4 per cent on a year earlier at 1,272.
The average sale price of all residential sales increased 2.9 per cent to $367,444 compared to April 2015.
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Sales in the Kitchener-Waterloo region in April continued the strength seen in the market this year. Sales through the Kitchener-Waterloo Association of Realtors MLS were up 9.5 per cent from a year earlier. The 667 sales figure was 19.5 per cent above the 5-year average for April.