Preliminary sales results from the Kitchener-Waterloo Real Estate Board indicate unit sales fell in December by approx. 25% year-over-year. In December 2008, there were 171 sales of single family homes versus 229 for December 2007. Approx. 60% of sales were under $250 000 and approx. 10% of sales were over $400 000.
There are currently 1044 active residential listings.
Check back to read a 2008 Year in Review and my 2009 Market Forecast.