When compared to the same month last year, the August 2017 real estate market did not perform as well as hoped. The number of homes sold has decreased, and in Niagara Falls in particular home sales decreased by 36% compared to the same month last year. On top of that, the average sale price in Niagara Falls dropped by 3%, although the average sale prices in the Niagara Region as a whole increased by 21% since this time last year. Keep in mind that these numbers reflect the true average price of all the sales and may not apply to each property specifically.
So the bad news is that the market has slowed down, but the good news is that this is still a sellers’ market. In my 30 years of real estate experience I have seen many ups and downs in the market, and as the old saying goes “When the going gets tough, the tough get going.” Ashley and I have powered up our comprehensive market plan and together with our team of experts we are working hard to get your house sold for top dollar. If you are getting impatient and want to increase the chance of getting your house sold sooner, call us today to arrange a meeting. We will put our decades of experience and team of qualified experts to work for you!
For more information, call Barbara Grumme at 905-356-9100.