Niagara Real Estate Market Update - November 2022

Author: Tracy Phelan, Broker RE/MAX Garden City Realty Inc. Brokerage | | Categories: #marketupdate , #Niagara , #NiagaraReal Estate , #NiagaraRealEstateAgent , #SellingYourHome

Blog by Tracy Phelan Broker RE/MAX Garden City Realty Inc. Brokerage

🏡 Niagara Real Estate Stats stats below for November:

⭐️The Niagara Real Estate Market Report Year over Year - November 2022 vs November 2021 ⭐️

New listings in the Niagara Region were 880 in November 2022 vs 751 in November 2021, which is a increase of 17.2% ⬆️

Residential home sales in Niagara totaled 335 homes in November 2022 compared to 669 in November 2021, which is a decrease of 49.9% ⬇️

The average HPI composite benchmark* price was $642,600 in November 2022, compared to $701,400 in November 2021, which is a decrease of 8.4% ⬇️

⭐️The Niagara Real Estate Market Report Month to Month, November 2022 vs October 2022⭐️ New listings in the Niagara Region were 880 in November 2022 vs 1038 in October 2022, which is a decrease of 15.2% ⬇️

Residential home sales totaled 335 in November 2022 compared to 410 in October 2022, which is a decrease of 18.3%⬇️

The average HPI composite benchmark* price was $642,600 In November 2022, compared to $653,500 in October 2022, which is an decrease of 1.7%.️️⬇️

✨ The characteristics of the HPI composite benchmark is a 1,276 sq. Ft. home between the age of 51 and 99 with 3 bedrooms and 2 bathrooms, and an attached single car garage. ✨

👉 If you are thinking of making a move, or just have any questions about the market , call me! I'm happy to help. ☎️‪905-321-6165



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