For the Niagara Region: 01-Nov-2018 to 30-Nov-2018 vs. Same Time Last Year*
As seen in the above chart, the real estate market in the Niagara Region is very stable. The number of sales year over year are consistent and generally the prices are increasing at a steady rate. The drop in average sales price in four of the municipalities this month compared to the same time last year is not completely representative of the general market. Though there is some balancing out in some areas, sometimes the average prices can be skewed depending on what did or did not sell in a particular month.
The market is balanced, which is good news for both buyers and sellers. It is a great time to upsize or downsize your home. To learn more about how the market might affect you contact Ashley Czinege or Barbara Grumme for a no obligation, no charge consultation.
The average sales price for residential properties in Niagara Falls has been consistently higher than last year’s prices for the past 6 months. This is a trend that is likely to continue with a moderate, but steady increase in home values.
The number of days to sell a residential property in Niagara Falls has been relatively consistent over the past 12 months. The feverish market in the spring of 2017 has calmed and on average, your home in Niagara Falls will sell in approximately 38 days. This is great for people who are looking to sell and buy a new property, giving you time to find the right property for you.
*The above statistics are based in whole or in part on the MLS® System data owned by the Association.