With the most recent interest rate decrease, it seems buyers are becoming more confident as indicated by the 43% increase in the number of sales October 2024, compared to last year! The average days it took to sell a home in October 2024 was 43 days, a 16.2 % increase...
In September, the Niagara Association of REALTORS® listed 1457 residential properties compared to 1366 in September 2023. The average days it took to sell a home in September 2024 was 44 days, a 18.9 % increase from September 2023. The lower interest rates have given...
Let's have a look at the market report for June; how did your municipality do? And what does the Niagara Association of Realtors say about the current numbers? Nathan Morrissette, NAR President, made the following statement: "The Benchmark price has essentially...
The announcement by the Bank of Canada reducing the interest rate to 4.75%, is great news! This positive development is set to boost the housing market, providing a great opportunity for both buyers and sellers to make their move with confidence. Whether you are...
We can notice a distinct difference between April 2023 and April 2024! In April 2024, the Niagara Association of REALTORS® listed 1396 residential properties compared to 991 in April 2023. The average days it took to sell a home in April 2024 was 40 days, a 29%...
In March 2024, the average days to sell a home increased by 4.9% compared to the previous year, with the HPI benchmark price rising over 2% month-over-month. These statistics indicate a positive trend in the Niagara housing market, offering potential opportunities for...
The Bank of Canada announced that it will be holding its key lending rate at 5%, which is good news for the real estate market! In addition, the latest data shows that compared to January 2024, the number of new listings, the number of sales, and the HPI benchmark...
The market is constantly evolving, and our recent analysis of January 2024 and January 2023 reveals some interesting trends. Comparing January 2023 to January 2024, we have seen a positive shift with an increase in sales and a decrease in the average days on market....
The Niagara Association of REALTORS® has released the real estate numbers for December 2023. The HPI of $617,000 is an enticing number for Niagara, making it an affordable and beautiful place to call home for first-time homebuyers and anyone looking to relocate,...
We're excited to share that the numbers for November 2023 are now available! We are noticing a slight decrease in price of less than 1% month over month and year over year. In addition, the higher average days on market of 45.5 days from 37 days in October 2023...
We are pleased to share the latest update on the Niagara real estate market. As we enter the fourth quarter of 2023, we have observed a slower sales period in comparison to the same period last year. This is due to an increase in listings and a decrease in sales....
The Real Estate numbers for September are available! The latest data shows that the HPI Benchmark price has decreased by 1.4% since last month. This slight dip indicates a favourable market for buyers. As we transition into October and people settle back into their...
The Real Estate numbers for August are available! According to recent data, the Niagara real estate market has only experienced a slight decrease in prices, with a 1% drop from July to August 2023 and a 3.6% decline from August 2022 to August 2023. Despite this, the...
We are excited to see that the price gap between home sales in 2022 and 2023 is gradually shrinking. Our latest market analysis reveals a noticeable increase in home prices, indicating a positive trend for homeowners and real estate investors. This development is...
Good news for homeowners! Real estate statistics are still continuing to climb again! Your municipality's performance is also improving. Find out how it fared during the month of June! In general, we can say that the number of sales has increased and the price gap...
How did we do in May? Although there is still a significant difference between sale prices May 2022 versus May 2023, we have to keep in mind that the prices in the first half of 2022 were still at an all time high! In the second half of 2022 though, prices started to...
The real estate market report for April 2023 is now available. What do these numbers tell us?? While the number of sales has remained the same as March 2023, the average days houses are on the market have gone down by 10, meaning houses sold faster in April 2023. This...
While comparing 2023 numbers to 2022 still show a significantly lower sale price, we have to keep in mind the 2022 sales were at an all time high. However: when we compare the Niagara Region residential sales for March 2023 with February 2023, we can see an increase!...
We are noticing a slight chance in the market! Home values are holding steady at roughly the same as it was in January 2023. The number of days a house is listed has slightly gone down and the number of listings has slightly gone up. When we compare January 2023 with...
The first real estate numbers for 2023 are available! How did we do?? When comparing last year January to this year, please remember that the real estate market in January 2022 was still very frenzied! For example, the average sale price for the Niagara Region in...
SOOOO you like numbers HUH, than check this end of year report published by Royal LePage! Click the image below to view the full report!
Let's have a look at the December Real Estate numbers! Last month of 2022! How did we do?? I will answer this by quoting the Niagara Association of Realtors Board of Directors president Amy Layton: “As expected, NAR experienced fewer sales this past December compared...
The real estate market continues to trend towards a more stable market as we head into the Christmas season. Home sales have been slashed just about in half and although prices are still slightly decreasing. Let's remember that last year they were at an all-time high...
Let's have a look at the October Real Estate numbers! How did we do?? The real estate market for the entire Niagara Region is slowing down. Prices are still decreasing compared to last year and the number of sales is much lower for every municipality. In the Niagara...
How did we do compared to September 2021?? The market is still slowing down. Not only are the number of sales down per municipality compared to last year's September, but in most municipalities the sale price has also dropped, with the exception of Lincoln, Thorold...
How did this month do compared to last year's? As mentioned in our previous Market Report, we are still seeing a continuation of the declining trend. Number of Sales in August 2022 are going down,but sale prices are still slightly going up compared to 2021. In the...
We are seeing a continuation of the declining trend; the number of sold houses continues to go down and so are the sale prices. However: when we look at the year by year numbers, we can still see an overall increase in sale price percentages. For example: In the...
The Real Estate Numbers for June 2022 are in! How did this month do compared to last year's? We are seeing a continuation of the declining trend; the number of sold houses continues to go down and so are the sale prices. However: when we look at the year by year...
How did May do compared to last year's? We are noticing a definite shift in the market. Whereas 2021 was an amazing seller’s year, 2022 seems to be shifting more towards a balance between seller and buyer, while leaning a bit more towards a buyer’s market currently....
How did April 2022 do compared to April 2021? We can see the market is still changing compared to last year. For example, the number of new listings in the Niagara Region have increased with 4.3% for April 2022 compared to April 2021. The number of sales for the same...