📊 Waterloo Region Real Estate Update – February 2026
As of March 4, 2026: February continued the trend toward a more balanced real estate market across Waterloo Region. Inventory levels remain higher than the past few years, buyers are taking a little more time to make decisions, and pricing has adjusted slightly compared to last year. Here’s a quick look at what stood out this month:
- 🏠 348 homes sold
- 📋 742 new listings came to market
- 💰 Average price: $726,956 (down 5.4% year over year)
- ⏱️ Average days on market: 37
Single-family homes saw 208 sales in February, with an average price of $866,616, down 5.4% compared to this time last year. Months of supply for detached homes sits at 1.9 months, which still reflects relatively tight inventory in this segment.
Looking at other property types, 18 semi-detached homes sold with an average price of $596,301. Condominiums recorded 44 sales with an average price of $411,009, while 77 townhomes sold at an average price of $570,178. Buyers in these segments are seeing slightly more selection and time to make decisions than in previous years.
Overall, the Waterloo Region housing market continues to move toward balance. With sales activity softer compared to last year and inventory levels gradually adjusting, both buyers and sellers are navigating a market that is becoming more stable heading toward the spring season.
If you would like a deeper breakdown by Kitchener, Waterloo, Cambridge, or by your specific property type, Melanie and I are always happy to walk through the numbers with you and help you understand what they mean for your next move.
https://cornerstone.inc/waterloo-region-housing-stats/
Waterloo Region
Melanie & Warren McNeil, REALTORS®
Peak Realty Ltd., Brokerage
hello@teammcneil.com
519-590-3767 ~ 519-498-8118