Niagara Market Stats - June 2024

Author: Tracy Phelan, Broker RE/MAX Garden City Realty Inc. Brokerage | | Categories: #BuyingorSelling , #CallMeToSellYourHome , #FreeHomeEvaluation , #NiagaraMarketStats , #NiagaraRealEstateMarket , #NiagaraRealtor

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

Niagara Real Estate Market Update - July 2024

The latest data from the Niagara Association of REALTORS® (NAR) reveals some intriguing trends in our local market. In June 2024, residential home sales totaled 541 units, down from 609 in June 2023. This June, we saw 1,460 new listings, a slight increase from 1,403 from June 2023.

Homes are taking a bit longer to sell, with an average of 36 days on the market—a 20% increase from last year. Interestingly, the benchmark price has stabilized, suggesting a more balanced market.

Currently, we have over 2,800 active listings, offering Buyers a wider selection of properties. For Sellers, this means it's crucial to price and position your home competitively to attract potential buyers.

Thinking about buying or selling? Now is a great time to explore your options. Contact me today to discuss how we can make the most of this market for you!

Tracy Phelan, Broker

905 321 6165

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