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Week Ending July 20, 2026
If you've been wondering whether the market is slowing down... this week's numbers say not really.
While we saw a slight dip in pending sales, inventory stayed almost unchanged, and homes continue to command strong prices across Waterloo Region.
Here's what caught my eye this week:
📊 Inventory remains steady
There are now 1,328 active residential listings, down slightly from 1,335 last week.
That's only 7 fewer homes, meaning buyers still have solid selection while sellers continue to benefit from balanced market conditions.
🏠 Single-family homes remain the busiest segment
Single detached homes continue to dominate activity:
645 active listings
71 pending sales
3.3 months of inventory
This remains one of the healthiest parts of our local market.
🏘️ Condos continue to favour buyers
Condominium apartments now sit at approximately 9 months of inventory, giving condo buyers significantly more negotiating power than those shopping for detached homes.
If you're considering your first home or looking to downsize, this could be a great opportunity.
💰 Buyers are still paying strong prices
Despite more inventory than we've seen over the past few years:
29.7% of homes sold over asking
31.7% sold at asking
38.6% sold below asking
That means over 61% of homes still sold at or above list price.
Even more impressive...
The average sale-to-list ratio increased from 100.18% last week to 100.66% this week.
That tells us well-priced homes continue attracting competitive offers.
📈 Luxury homes had a stronger week
One surprise this week was activity in higher price points.
Homes selling between $1 million and $1.5 million increased from 7 sales last week to 12 this week, while the $700K-$1M category slowed considerably.
💵 Over-asking offers continue—but not by huge amounts
Most competitive sales were still relatively modest.
Among homes selling over asking:
16 sold for less than $20,000 over
13 sold for $50,000–$99,999 over
5 sold for $100,000–$149,999 over
There were no homes selling more than $200,000 over asking this week.
What this means
For Buyers:
More choice than we've had in years.
Condo buyers have excellent negotiating opportunities.
Detached homes still move quickly when priced well.
For Sellers:
Pricing correctly is more important than ever.
Buyers are still willing to compete—but only for homes that stand out.
Strategic marketing and preparation continue to make all the difference.
Every neighbourhood tells its own story, so if you're wondering what these numbers mean for your home—or the area you're hoping to buy in—I'd be happy to help.
📞 519-575-1804
📧 charlotte@charlotteferguson.com