Market Briefing
The KW Briefing: May 2026
May 2026 · 2 min read
One honest read on Waterloo Region, every month. Here is where the ground actually stands heading into summer.
The headline number
Average sale price across all types sits near $744,000, down roughly 5.7 percent year over year. That is not a crash and it is not a recovery. It is a market that has found a softer, more negotiable footing, which is good news if you are buying and a reason to price carefully if you are selling.
Condos: the overhang is real
Condo apartments are averaging about $408,000, off roughly 10 percent from a year ago, with months of supply well above the rest of the market. A lot of 2020 to 2022 pre-construction is registering now and landing in an already-soft rental market. Buyers who plan to stay have leverage here that did not exist recently.
Townhomes: still the tight segment
Freehold townhomes remain the standout: limited supply, the most resilient prices, and the fastest sales of any property type. If your budget points here, do not assume the buyer holds all the cards.
Days on market
Well-priced homes are still landing around 24 days region-wide, but the range is wide. Prepared and accurately priced listings move. Overpriced ones sit and then chase the market down.
The takeaway
This is a balanced market leaning slightly to buyers, with real negotiating room and normal conditions back in offers. Segment matters more than timing right now. If you want my read on your specific situation, reach out any time at 519-000-0000.