K-W Residential Home Sales Up in October Over Last Year

OCTOBER RESIDENTIAL SALES UP

KITCHENER

 ‐to‐date, there have been 5,574 residential units sold, a decline of 2 percent compared to the same period last year.

There were a total of 470 residential sales, with a total dollar volume of $143,058,192, representing a 5.6 percent increase over results recorded in October 2010.

“Although all marketplaces are subject to month to month fluctuations it is obvious that we have a strong, stable market in our region,” said George Patton, President of the KWAR. “We are seeing that people have confidence in investing in the housing market in this area.”

Year

‐WATERLOO, ON (Nov 3rd, 2011) –– The number of residential real estate sales through the Multiple ListingService  (MLS®) of the Kitchener‐Waterloo Association of REALTORS® (KWAR) increased to mark a gain over October 2010 of 4.9 percent.