Waterloo Region resale market, week of July 20 to 26, 2026, cross-referenced against ITSO's June 2026 Monthly Indicators report for Waterloo Region (Cornerstone Association of REALTORS®).
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This week, 194 homes came on the market in Waterloo Region and 124 of them closed. Almost the same number, 123, ended without a sale, according to this week's regional listing activity: 106 cancelled, 10 expired, and 7 suspended. Not sold. Just gone.
Getting to closing day right now isn't the safe outcome, it's close to a coin flip. And once you look at what separates the 124 from the 123, the reason isn't bad luck. It's price, and it's competition, and both show up in the data before a listing ever gets cancelled.
Why are so many listings failing instead of closing?
124 listings closed this week. 123 didn't, split between cancelled (106), expired (10), and suspended (7). That's close enough to a 50/50 split that "list it and it'll sell eventually" isn't a safe assumption right now.
Cancelled doesn't always mean gone for good, some of those sellers will relist, sometimes at a more realistic number or with a different agent. But every one of those 106 cancellations represents weeks a home sat on the market unsold, showings that didn't convert, and a listing that now carries the reputation of "the one that didn't sell" if it comes back. That reputation costs money.
What's actually driving the failures?
Price. This week, 77 listings dropped their price and only 15 raised it, more than five cuts for every increase.
That ratio lines up with June's numbers. Per ITSO's June 2026 Monthly Indicators report, Waterloo Region's median single family home sold for $775,000, down 6.1% from a year earlier, and the median townhouse, condo, or semi sold for $525,000, down 5.4%. Homes are also taking longer to sell and closing for less relative to asking than they were a year ago. A home priced even a little high isn't just sitting, it's sitting while the market moves away from it, which is what sits behind the 106 cancellations.
Is supply working against sellers too?
Partly. This week, 194 new listings hit the market against 124 closings, roughly 70 more homes arriving than leaving. Every one of those new listings is a fresher, better-positioned competitor for the same pool of buyers.
Year to date, new listings are actually down across the region, 8.3% for single family homes and 11.9% for townhouses, condos, and semis, so this isn't a supply flood stacked on a supply flood. It's a normal seasonal wave landing on a market where days on market are already climbing and price cuts are already running 5 to 1. A seller who lists this month is competing with everyone else who picked this same week to try, not just the existing inventory.
What should someone selling this year actually do?
Price at this month's number, not last year's, and not the neighbour's number from the last cycle. The 5-to-1 ratio of price decreases to increases shows the market already corrected the sellers who guessed wrong.
Expect competition from the moment of listing, not after a few weeks of silence. A new listing this month launches into a market that just got more crowded, not an empty one.
Treat a price decrease as a plan, not a last resort. The sellers behind the 106 cancellations mostly waited to adjust until the listing had already gone stale. The ones behind the 124 priced correctly from day one, or adjusted early and once.
Quick answers
How many homes sold in Waterloo Region this week (week of July 20 to 26, 2026)? 124 closed.
How many listings failed to sell in Waterloo Region that same week? 123, made up of 106 cancelled, 10 expired, and 7 suspended.
How many Waterloo Region sellers dropped their asking price that week, and how many raised it? 77 dropped their price, compared to 15 who raised it.
Are homes taking longer to sell in Waterloo Region in 2026? Yes. Per ITSO's June 2026 report, single family days on market is up 18.2% year to date (22 to 26 days), and days on market across all residential properties is up 11.5% (26 to 29 days). Percent of list price received is also down year to date in every segment.
Are home prices still falling in Waterloo Region in 2026? Yes, year over year. Per ITSO's June 2026 Monthly Indicators report, the single family median is down 6.1% and the townhouse/condo/semi median is down 5.4% from June 2025.
Is now a good time to sell a home in Waterloo Region? It depends on how the home is priced relative to this month's numbers, not last year's. Homes priced at the market are still closing. Homes priced above it are showing up in the cancellation count.
The numbers above describe the region. What a specific home is worth, and whether it's priced to land in the 124 or the 123, is a conversation, not a headline. If you're thinking about listing, reach out and I'll walk through where your home actually sits, no pressure attached.
George Dmitrovic
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Sources: Waterloo Region MLS listing activity, week of July 20 to 26, 2026. ITSO Monthly Indicators, Waterloo Region, June 2026, Cornerstone Association of REALTORS®, current as of July 2, 2026.
Planning your next move? These guides go deeper: moving up with a growing family, selling and buying at the same time, buying your first home and choosing a Kitchener-Waterloo neighbourhood.
Sources: Cornerstone Association of REALTORS® statistics for Waterloo Region and ITSO MLS® System data for Waterloo Region, compiled by George Dmitrovic. Figures are for the period named in this post.
