A real estate sold sign is shown in a Toronto west end neighbourhood May 17, 2020. The Canadian Real Estate Association says home sales in May regained some of the ground they lost in April, but remained down sharply compared with a year ago. THE CANADIAN PRESS/Graeme Roy

This September saw the highest number of homes ever sold through that month in Kitchener-Waterloo.

The Kitchener-Waterloo Association of Realtors (KWAR) said that 758 resident homes were sold during the month, an increase of 41.6 per cent compared to the same month last year. The 10-year average for home sales in September is 460.

"This is far more home sales then what we would normally see in September as buyers continue to play catch-up from the COVID-19-hindered spring market," said KWAR President Colleen Koehler in a news release.

Here's how the numbers were broken down, and how they compared to the same month last year:

  • 431 detached homes sold for an average of $768,762 (up 25 per cent)
  • 93 condominium apartments sold for an average of $390,690 (up 13 per cent)
  • 178 townhouses sold for an average of $476,636 (up 8.7 per cent)
  • 54 semi-detached homes sold for an average of $544,874 (up 16.5 per cent)

The median price of all homes sold through the month hit $580,250, while the median price of a detached home rose to $676,000.

The average home took 14 days to sell through September, compared to 23 days during the same month last year.