What just happened.
November recorded 465 sales, down 14.8% year over year, with 1,757 active listings and 3.4 months of supply. The published comparisons show slower activity and more inventory than a year earlier. They do not label every neighbourhood, price band or property type the same way.
The average sale price was $713,751, down 5.4% year over year and 2.7% from October. Months of supply was 3.4, up 25.9% year over year. Use the exact property type, location, condition and competition before applying the regional label to one home.
The property type breakdown:
- Detached: 274 sales, avg $827,617 (-4.3% YoY)
- Townhouses: 91 sales, avg $595,337 (-3.1% YoY)
- Condominium apartments: 59 sales (up 11.3% YoY), avg $422,056 (-6.3% YoY)
- Semi-detached: 41 sales, avg $635,375 (-1.4% YoY)
Condo apartment sales rose 11.3% year over year while the average condo apartment price fell 6.3%. The report does not identify who bought those homes or why.
HPI benchmarks.
The MLS Home Price Index for November 2025:
| Type | K-W Nov 2025 | Monthly % | Yr/Yr % | Cambridge | Yr/Yr % |
|---|---|---|---|---|---|
| Composite | $642,600 | -1.9 | -8.7 | $685,400 | -6.2 |
| Single Family | $754,000 | -2.5 | -8.7 | $728,900 | -6.0 |
| Townhouse | $530,900 | -0.7 | -7.2 | $595,000 | -4.4 |
| Apartment | $395,700 | +0.1 | -10.5 | $436,200 | -7.1 |
The K-W single-family HPI was down 2.5% month over month. Cambridge's year-over-year changes were smaller than K-W's in each row shown.
November reported 1,757 active listings, 39 average days on market and 3.4 months of supply. Those figures describe the Region, not every street or property type.
For buyers, November gave some prepared people more time and selection. Whether it was the right time to act still depended on the property, financing and personal plan.
For sellers, more choice can raise the importance of pricing, presentation, access, terms and distribution. The data does not prove that one marketing feature caused a particular sale result.
Want to talk through your situation? 519-577-7588 or grab a free home evaluation.
What to watch in December.
- Seasonal activity. Compare December with earlier Decembers as well as with November.
- Inventory direction. Follow active and new listings together instead of guessing seller motivation.
- Days on market. Use the next reading as regional context, not a label for every property.
Source & methodology.
Data sourced from the Waterloo Region Association of REALTORS November 2025 release, pulled from the ITSO MLS System operated by Cornerstone Association of REALTORS. HPI benchmarks come from the MLS Home Price Index, average and median prices reflect actual SOLD transactions.
For specific information on your home or a property, call 519-577-7588 or request a free home evaluation.