Kitchener-Waterloo Association of Realtors says that the average sale price of a home was up 9.1 per cent in the area when compared with October 2018.

Homes in the Kitchener-Waterloo market were changing hands at near-record pace in September.

In May, prices rose dramatically in the Kitchener-Waterloo housing market and that trend continued in June,.

The cost of owning a home in the Kitchener-Waterloo area continues to climb, according to the Kitchener-Waterloo Association of Realtors.

Average home prices rose by 10.9 per cent year over year to $529,800 in April, according to figures released by the Kitchener-Waterloo Association of Realtors.

A total of 511 homes were sold in the Kitchener-Waterloo market last month, down 5.7 per cent from a year earlier and well below the average for the previous 10 years.

The president of the Kitchener-Waterloo Association of Realtors says that the winter storms in February were a major factor in a stalled housing market.

The local housing market was hot in January as there was a 14.6 per cent increase in year-over-year sales, according to the Kitchener-Waterloo Association of Realtors.

It took around 24 days to sell a home in Kitchener-Waterloo last year, well behind the pace of 19 days a year earlier but also well above the 10-year average of 40 days.