Niagara Market Report for May 2022
The Niagara Real Estate Market Report month to month, May 2022 vs April 2022
New listings in the Niagara Region were 1480 in May 2022 vs 1382 in April 2022, which is a increase of 7.1%
Residential home sales totaled 595 in May 2022 compared to 707 in April 2022, which is a Decrease of 15.8%.
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The average HPI composite benchmark* price was $790,500 In May 2022, compared to $814,600 in April 2022, which is an decrease of 3.0%. ️
The Niagara Real Estate Market Report Year over Year- May 2022 vs May 2021
New listings in the Niagara Region were 1480 in May 2022 vs 1247 in May 2021, which is a increase of 18.7%
Residential home sales in Niagara totaled 595 homes in May 2022 compared to 947 in May 2021, which is a decrease of 37.2%
The average HPI composite benchmark* price was $790,500 In May 2022, compared to $647,400 in May 2021, which is an increase of 22.1%
“The trend continues toward a Buyer’s market in Niagara. This trend is backed by increased inventory and a reduction in the number of sales months over month. Although the HPI Benchmark Price shows strong growth, year over year; this indicator continues to fall from a record high in February of this year.”
Below is a breakdown of municipalities of new listings, sales and HPI Composite benchmark* prices for May 2022 vs April 2022. & May 2022 vs May 2021. 
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