November 2008 Residential Sales in Kitchener-Waterloo

Preliminary results of unit sales in November 2008 indicate a market shift has occurred.  In Kitchener-Waterloo, 240 residential properties changed hands.  This represents a 40% decline over November 2007 when 400 properties were sold.  There are currently 1330 properties for sale which equates to approximately a 5 1/2 month supply.

Jeff Gingerich

Jeff Gingerich

Sales Representative
CENTURY 21 Home Realty Inc., Brokerage*
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