📊 Waterloo Region Real Estate Update – May 2026
As of June 4, 2026: May is historically one of the busier months for real estate and this one was actually one of the quietest we have seen in about 15 years -- but the steady month over month progress since January tells us the market is gradually finding its footing. There is opportunity on both sides right now -- some buyers are getting great deals while some sellers are still achieving top dollar. It really does depend on the property and the neighbourhood. Here is a quick look at what stood out this month:
- 🏠 627 homes sold
- 📋 1,452 new listings came to market
- 💰 Average price for all residential real estate: $744,032 (down 5.8% year over year)
- ⏱️ Average days on market: 24 -- unchanged year over year
Single-family homes saw 361 sales in May, with an average price of $851,674, down 6.6% compared to last year. Months of inventory sits at 3.2 months. Keep in mind that is the average -- there are plenty of homes selling above and below that number depending on location and condition.
Looking at other property types, 41 semi-detached homes sold with an average price of $603,056 and just 1.8 months of inventory, making it the tightest segment in the market right now. Condominiums recorded 53 sales with an average price of $410,307 and 8.9 months of inventory -- the most saturated segment in the market with the most competition among sellers. Meanwhile 106 townhomes sold at an average price of $582,555 with 4.7 months of inventory, continuing to offer solid value for buyers looking for more space.
The market rewards the right strategy -- the right price, the right presentation, and a little patience. Homes that are well priced and well presented are still selling across all segments.
If you would like a deeper breakdown by Kitchener, Waterloo, Cambridge, or by your specific property type, reach out to us -- we 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
| Property Type | Units Sold | Avg. Sale Price | Price Change | Months Supply |
|---|---|---|---|---|
| Single-Detached | 361 | $851,674 | -6.6% | 3.2 |
| Semi-Detached | 41 | $603,056 | -7.6% | 1.8 |
| Townhome | 106 | $582,555 | -8.2% | 4.7 |
| Condo | 53 | $410,307 | -4.4% | 8.9 |