Niagara Real Estate September Market Report
The Niagara Real Estate Market Report Month to Month, September 2022 vs August 2022
Our market in Niagara continues to soften. Although inventory is up, sales have slowed resulting in a continued reduction in overall average prices. It shows our average sale price is comparable to where we were a year ago.
Check out the monthly stats below.
New listings in the Niagara Region were 1177 in September 2022 vs 1095 in August 2022, which is a increase of 7.5% 
Residential home sales totaled 399 in September 2022 compared to 457 in August 2022, which is a decrease of 12.7%.
The average HPI composite benchmark* price was $661,900 In September 2022, compared to $687,500 in August 2022, which is an decrease of
3.7%.️ ️
The Niagara Real Estate Market Report Year over Year - September 2022 vs September 2021
New listings in the Niagara Region were 1177 in September 2022 vs 994 in September 2021, which is a increase of 18.4%
Residential home sales in Niagara totaled 399 homes in September 2022 compared to 707 in September 2021, which is a decrease of 43.6%
The average HPI composite benchmark* price was $661,900 in September 2022, compared to $666,000 in September 2021, which is a decrease of 0.6 %
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