Regional Market Update November 2023

Hey everyone! As we said goodbye to November 2023, let’s take a look at what’s been happening in the house buying and selling world in our favourite regions: Waterloo, Wellington, Oxford & Perth.

In November, there were 441 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing a decrease of 4.5 per cent compared to the previous year and a decline of 33.1 per cent compared to the previous 5-year average for the month.

In November, the average sale price for all residential properties in Waterloo Region was $757,272. This represents a 2.6 per cent increase compared to November 2022 and a 1.4 per cent decrease compared to October 2023.

  • The average price of a detached home was $891,091. This represents a 5.8 per cent increase from November 2022 and on par with October 2023.
  • The average sale price for a townhouse was $611,667. This represents a 1.7 per cent decrease from November 2022 and a decrease of 5.1 per cent compared to October 2023.
  • The average sale price for an apartment-style condominium was $450,476. This represents a decrease of 1.3 per cent from November 2022 and a decrease of 5.4 per cent compared to October 2023.
  • The average sale price for a semi was $617,329. This represents a decrease of 3.9 per cent compared to November 2022 and a decrease of 6.2 per cent compared to October 2023.

Wellington

  • Residential properties sold for an average price of $889,827 in the Wellington Region.

Oxford

  • Residential properties sold for an average price of $615,332 in the Oxford Region.

Perth

  • Residential properties sold for an average price of $596,381 in the Perth Region.

The above information has all been pulled from The Waterloo Region Association of REALTORS®️ (WRAR). https://wrar.ca/

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