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Welcome to Kitchener-Waterloo Market Watch

As of today, the Housing Index is: .52

Welcome to Kitchener-Waterloo Market Watch, a new blog which will track and report on the housing market in Kitchener-Waterloo (and surrounding area). One way we monitor the market is by tracking and publishing the Kitchener-Waterloo Housing Index, which is an indicator of buyer intensity for listed single family residential homes in the Kitchener-Waterloo Area (more areas to be added soon).

The Index is found by adding the number of closed sales in the past 30 days with the number of conditional sales currently pending. This number is then divided by the total number of available homes & condos. A higher number indicates more buyer competition for each home on the market; a lower number indicates less buyer competition for each home. A number below .80 indicates a market that favours buyers, while a number above 1.0 indicated a market that favours sellers.

This blog will also track the ups and downs of the market in less imperical ways, since it is written by a Realtor.

Check back often to keep on top of the ever changing market.

Benjamin

Related posts:

1. Kitchener Waterloo Real Estate Housing Market Update: Buyers market despite increasing volume of sales
2. Local Realtor’s Exclusive Index of Real Estate Market shows MLS Sales Slipping Slightly
3. Kitchener Waterloo Housing Market Market Cooling After Red Hot May
4. Kitchener Waterloo Real Estate market gains steam in early days of October
5. Kitchener Waterloo Real Estate Market ends summer gaining ground