While the Kitchener-Waterloo real estate market nearly ground to a halt in April, sales were on the way up in May, according to area realtors.
A total of 419 homes changed hands in May amid the coronavirus pandemic, 80 per cent more than a month earlier, according to the Kitchener-Waterloo Association of Realtors.
The group says that while the numbers were improving, it will still be 40.5 per cent lower than a year earlier. While there were fewer sales than a year earlier, prices still rose 6.5 per cent year-over-year to $568,275. “In May we saw the strong appetite for homes in the Kitchener-Waterloo area is still very much alive,” KWAR president Colleen Koehler said. “But as the virus continued to circulate in the community many would-be