top of page
Minimalistic Kitchen

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.

April 2024 Niagara Region Real Estate Market Stats

APRIL 2024

REAL ESTATE STATS

Average days on market decreased from 81 days to 77 days, with the average home price sitting at $690,284. There have been 2224 units sold, a 7% year-to-date increase. The region boasted 2586 active listings.

March 2024 Niagara Region Real Estate Market Stats

MARCH 2024

REAL ESTATE STATS

Average days on market decreased slightly from 83 days to 81 days, with the average price of homes increasing from $661,906 to $682,482. We are in a balanced market and are starting to see the number of buyers pick up as we enter the spring season.

February 2024 Niagara Region Real Estate Market Stats

FEBRUARY 2024

REAL ESTATE STATS

Average days on market remained steady at 83, with homes experiencing a 1% year-to-date increase in sale price at $661,906. There have been 957 units sold, a 17% year-to-date increase. The region boasted 2096 active listings.

January 2024 Niagara Region Real Estate Market Stats

JANUARY 2024

REAL ESTATE STATS

With an average of 85 days on the market, homes saw a 4% year-to-date increase in sale price, reaching $659,382. The region boasted 1615 active listings, while 395 total units sold year-tot-date marked a significant 21% uptick. 

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).

October 2023 Niagara Region Real Estate Market Stats

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).

September 2023 Niagara Region Real Estate Market Stats

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).

August 2023 Niagara Region Real Estate Market Stats

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).

July 2023 Niagara Region Real Estate Market Stats

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 Niagara Region Real Estate Market Stats

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).

May 2023 Niagara Region Real Estate Market Stats

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).

April 2023 Niagara Region Real Estate Market Stats

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).

bottom of page