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MARKET STATISTICS

If you're thinking about buying or selling your home, you are probably wondering, is now a good time? Knowing what's happening in the current real estate market will help you to answer that important question before moving forward.

BUYER'S

MARKET

​When there are more homes for sale (supply) than there are buyers (demand) for them. This gives buyers an advantage because there is more inventory to choose from. Prices typically remain stable or sometimes even soften in this market, as sellers may be more open to negotiating.

BALANCED

MARKET

When there are is an even number of buyers and sellers in the market creating a fairly equal level of supply and demand. In this market, homes sell in a reasonable time frame and prices typically remain stable. This is a healthy real estate market, one that is good for both buyers and sellers.

SELLER'S

MARKET

When there are more buyers (demand) than there are current homes for sale (supply). This puts sellers in the driver’s seat. Prices strengthen or increase because there are so many people wanting to buy. Homes typically sell quicker and in many cases with competing offers.

December 2023 Niagara Region Real Estate Market Stats

DECEMBER 2023

REAL ESTATE STATS

Homes sat on the market for an average of 57 days, with an average sale price of $700,080 (which is an 11% decrease year to date).

November 2023 Niagara Region Real Estate Market Stats

NOVEMBER 2023

REAL ESTATE STATS

Homes sat on the market for an average of 56 days, with an average sale price of $702,454 (which is an 11% decrease year to date).

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OCTOBER 2023

REAL ESTATE STATS

Homes sat on the market for an average of 55 days, with an average sale price of $705,620 (which is a 12% decrease year to date).

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SEPTEMBER 2023

REAL ESTATE STATS

Homes sat on the market for an average of 55 days, with an average sale price of $707,260 (which is a 13% decrease year to date).

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AUGUST 2023

REAL ESTATE STATS

Homes sat on the market for an average of 55 days, with an average sale price of $710,109 (which is a 13% decrease year to date).

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JULY 2023

REAL ESTATE STATS

Homes sat on the market for an average of 55 days, with an average sale price of $707,876 (which is a 15% decrease year to date).

JUNE 2023 MARKET STATS NIAGARA REGION

JUNE 2023

REAL ESTATE STATS

As expected, we are trending slightly towards a seller's market based on current months of inventory. Homes sat on the market for an average of 56 days, with an average sale price of $705,966 (which is a 16% decrease year to date).

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MAY 2023

REAL ESTATE STATS

The 2023 market has been fairly consistent with average days on the market and average sale price. Homes sat on the market for an average of 59 days, with an average sale price of $695,893 (which is a 19% decrease year to date).

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APRIL 2023

REAL ESTATE STATS

Homes sat on the market for an average of 65 days, with an average sale price of $690,381 (which is a 20% decrease year to date).

March 2023 Niagara Region Market Stats - Real Estate

MARCH 2023

REAL ESTATE STATS

In the past month, we have begun to trend back toward a seller's market. We believe this will shift back to a balanced market next month. Homes sat on the market for an average of 71 days, with an average sale price of $709,976 (which is a 22% decrease year to date).

February 2023 Market Stats

FEBRUARY 2023

REAL ESTATE STATS

While we are leaning slightly towards a seller's market, we do believe it is still a balanced market, which is good for both buyers and sellers. Homes sat on the market for an average of 75 days, with an average sale price of $656,344 (which is a 24% decrease year to date).

January 2023 Niagara Region Market Stats

JANUARY 2023

REAL ESTATE STATS

As expected due to recent trends, statistics indicate that we are in a balanced market, which is good for both buyers and sellers. Homes sat on the market for an average of 81 days, with an average sale price of $637,067 (which is a 25% decrease year to date).

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