Melanie & Warren McNeil · Peak Realty Ltd.
Waterloo Region Real Estate: March 2026 Market Update
Average residential sale prices continue a period of correction across all major housing categories, while sales volume and new listings show strong spring momentum month-over-month.
Core Market Indicators
Avg. Residential Sale Price
$733,258
▼ 4.4% year over year
All residential property types
Avg. Days on Market
30
▲ 11.1% year over year
Homes taking a little longer than last year
New Residential Listings
1,082
▼ 11.2% year over year
▲ 44.8% vs February · spring pickup
MLS Sales
492
▲ 5.4% year over year
▲ 39.4% vs February · strong buyer activity
Months of Supply · All Types
2.9
▼ 6.5% year over year
Balanced market
Market Context
Sales up strongly month-over-month as spring market gains traction. Prices still correcting year-over-year across all property types, with condos seeing the sharpest decline. Inventory remains relatively constrained.
Property Type Performance
Single-Detached
311
units sold
$858,919
▼ 6.7% YOY
2.1 months supply · ▼ 4.5%
Semi-Detached
36
units sold
$649,764
▼ 2.0% YOY
1.0 months supply · ▼ 37.5%
Townhome
79
units sold
$569,213
▼ 7.6% YOY
3.5 months supply · ▼ 14.6%
Condo
66
units sold
$383,029
▼ 17.2% YOY
7.2 months supply · ▲ 4.3%
Unit Volume and Price Shifts
| Property Type | Units Sold | Avg. Sale Price | Price Change | Months Supply |
|---|---|---|---|---|
| Single-Detached | 311 | $858,919 | -6.7% | 2.1 |
| Semi-Detached | 36 | $649,764 | -2.0% | 1.0 |
| Townhome | 79 | $569,213 | -7.6% | 3.5 |
| Condo | 66 | $383,029 | -17.2% | 7.2 |
Melanie & Warren McNeil, REALTORS® · Peak Realty Ltd., Brokerage · 519-590-3767 · teammcneil.com
Source: Cornerstone Association of REALTORS® · as of April 6, 2026