Navigating the Real Estate Market!
When we compare the January 2021 real estate statistics for the Niagara Region to last year, we can see a 11% increase in the number of sales AND a price increase of 27%! Residential home sales continue to remain strong into the beginning of 2021. The flip side of this statistic is that even though home prices and number of sales are up, there also appears to be a record low inventory with 24% fewer homes on the market as compared to January of 2020.
Homes are selling over asking price and often with multiple competing offers. It can seem so overwhelming and a bit intimidating. The Expertise of The Salisbury Team has tried and true systems in place to help you navigate this ever changing market. Please contact us if you have any questions and to find out about the many services we provide for our clients.
So, let’s take a look at how Niagara and your municipality performed compared to January of 2020!
Stay safe!
T.
