Home sales, prices down

In April, the average sale price for all residential properties in the area was $907,205, a 19.6% increase over April 2021 and a 5.5% decrease compared to March 2022. The average price of a detached home was $1,060,992, an 18% increase from April 2021 and a decrease 6.4%t compared to March 2022, reports the Kitchener-Waterloo Association of Realtors.