Sorry for the delay. There were issues with vacation and the official statistician, (AKA Debbie). There is not much of a surprise here. My only comment would be based on press releases over the past week or two, that Waterloo Region is not as bad as the rest of the country. Canadian Press had a headline this week stating that Canadian real estate prices are down 10 per cent. This is truly not the case locally. We did not have the big spikes seen in Calgary, Vancouver, or Toronto, so we are not seeing the declines either.
Here are the November 2008 MLS monthly statistics from our two real estate boards:
| K-W This Month | K-W Last Year | Cambridge This Month | Cambridge Last Year |
| Avg. Sale Price | $ 267,423 | $261,467 | $244,189 | $242,673 |
| Percentage Change | +2.3% | | +0.6% | |
| Properties Sold | 296 | 501 | 123 | 196 |
| New Listings/Sales Ratio | 53.2% | 84.9% | 33.9% | 65.4% |
| Properties For Sale Now | 1316 | 1137 | 846 | 733 |
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