MORE LISTINGS MEET CONTINUED BUYER DEMAND IN JUNE

KITCHENER-WATERLOO, ON (July 5, 2017) –– For the first time this year home sales in June decelerated on a monthly basis. Last month’s 716 residential sales through the Multiple Listing System (MLS® System) of the Kitchener-Waterloo Association of REALTORS® (KWAR) were down 3.2 percent compared to last year’s record breaking June. This brings the total number of sales during the first half of the year to 3,834, an increase of 9.1 per cent compared to 2016.

“Home sales in June were very strong, and we’re on track to have another record breaking year of residential sales,” says James Craig, President of KWAR.  “June is the fourth consecutive month home sales in the Kitchener-Waterloo area have exceeded 700 units. Historically sales in KW and area have only ever surpassed the 700 unit threshold in a single month three previous times.”

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