Monthly MLS Statistics for April 2010

We're definitely in a boom market. Sales volumes are at or near peak, and prices are definitely going up. Agents are complaining evry day that there are not enough listings. Good listings are sold quickly, and often with multiple offers. The press is saying it's a concern about the upcoming HST and the threat of higher interest rates. This may be true, but it's a good spring market with some pent up demand from last year having an effect. It is hard to say how much longer this will go on, but right now there is no end in sight.

Here is the article in Thursday's Waterloo Region Record with some more detail.

Here are the statistics for April 2010:

	K-W This Month	K-W Last Year	Cambridge This Month	Cambridge Last Year
Avg. Sale Price	$ 289,017	$ 256,083	$277,729	$261,630
Percentage Change	+12.9%		+6.1%
Properties Sold	724	643	308	249
New Listings/Sales Ratio	65.6%	60.9%	63.4%	46.4%
Properties For Sale Now	1129	1578	881	1150