Niagara Real Estate Market Update
The Niagara Real Estate Market Report Month to Month, October 2022 vs September 2022
Month over Month, Niagara real estate has shown a small decrease in the benchmark price. The number of unit sales is slightly higher when compared to last month. This may be an indication of a trend towards stable pricing and sales in Niagara.
Check out the monthly stats below:
New listings in the Niagara Region were 1038 in October 2022 vs 1177 in September 2022, which is a decrease of 11.8% 
Residential home sales totaled 410 in October 2022 compared to 399 in September 2022, which is a increase of 2.8%.
The average HPI composite benchmark* price was $653,500 In October 2022, compared to $661,900 in September 2022, which is an decrease of 1.3%.️️
The Niagara Real Estate Market Report Year over Year - October 2022 vs October 2021
New listings in the Niagara Region were 1038 in October 2022 vs 865 in October 2021, which is a increase of 20.%
Residential home sales in Niagara totaled 410 homes in October 2022 compared to 774 in October 2021, which is a decrease of 47.%
The average HPI composite benchmark* price was $653,500 in October 2022, compared to $680,600 in October 2021, which is a decrease of 4.%
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