📊 Waterloo Region Real Estate Update – June 2026

As of July 6, 2026: June sales were up 4.3% from May, and while the market continues to adjust year over year, the steady month-over-month progress tells us buyers are coming back. Waterloo Region also holds the tightest market conditions of all Cornerstone regions right now. There is opportunity on both sides -- buyers are getting into properties they may not have been able to afford a year ago, while sellers who price and present strategically are still achieving strong results. Here is a quick look at what stood out this month:

• 🏠 662 homes sold (up 4.3% from May)
• 📋 1,407 new listings came to market
• 💰 Average price for all residential real estate: $729,650 (down 6.4% year over year)
• ⏱️ Average days on market: 27 -- unchanged year over year, but two strategies behind that number: homes priced below market with held offers often sell in under two weeks, while traditionally priced homes are taking 45 to 60 days

Single-family homes saw 441 sales in June, with an average price of $834,730, down 7.4% compared to last year. Months of inventory sits at 3.3 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, 48 semi-detached homes sold with an average price of $591,692 and just 1.7 months of inventory -- down 37% from last year -- making it the tightest segment in the market right now. Condominiums recorded 68 sales with an average price of $395,391 and 8.8 months of inventory -- the most saturated segment in the market with the most competition among sellers. Meanwhile 105 townhomes sold at an average price of $567,854 with 4.9 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 realistic plan. 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.

Waterloo Region
Melanie & Warren McNeil, REALTORS®
Peak Realty Ltd., Brokerage
hello@teammcneil.com
519-590-3767 ~ 519-498-8118