How’s the Kitchener Waterloo real estate market? Buyers’, sellers’ or balanced?

How’s the Kitchener Waterloo real estate market? And how does it compare with other cities in Canada?

Over all, home sales in Canada plunged 15.1% in September from a year earlier.

BMO economist Robert Kavcic tracked 23 markets, using three-month averages compared to a year earlier, rather than just comparing September 2012 to September 2011. Of those 23, he found, 13 are experienced “balanced conditions,”.

Currently, Kitchener Waterloo has a balanced market. However, with sales generally falling relative to new listings, the number of “buyers’ markets” could be on the rise in the months ahead.

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