March was a strong month, with increases complimenting the upward trend we are seeing in the market over the last few months. With the HPI benchmark price at $633,400, an increase of over 2% over last month, which is a positive sign for the market in Niagara; buyers are starting to be more aggressive as the time on the market has been reduced to 43 days from 54 days in January.  If you're thinking of selling or buying a home or just have questions regarding the market  call or text me, I'm always happy to chat.  905 321- 6165 | www.tracyphelan.com

As we're getting close to 2024, Niagara is still proving to be a great place to buy, sell and invest in Real Estate. "Niagara housing prices are holding strong with a slight decrease in price of less than 1% month over month and year over year. We also see an increase in sales and new listings year over year,” reports Niagara Association of REALTORS® President, Amy Layton. “This is a good sign which continues to show Niagara remains an attractive place to buy a home. A higher average days on market of 45.5 days from 37 days in October 2023 shows people…

Niagara is experiencing a bit of a slower sales period during the beginning of the fourth quarter with more listings but less sales than last year,” reports Niagara Association of REALTORS® President, Amy Layton. “However, pent up demand is building in the region as people have begun to adjust to the higher cost of borrowing. We're continuing to see less of a gap year over year now than the sharper declines we saw in the third quarter of 2022.”   If you have any real estate questions or just want to chat about your home's current value. Give me a call I'm…

September Niagara Real Estate Market Update We are continuing to see a dip in sales this September 2023 compared to August 2023, but an increase in new listings up by 12% from August. The HPI Benchmark price has dipped a bit as well by 1.4% since last month, indicating a buyers’ market. As people get back into their life and school routines in September, this is expected. The last quarter of the year is usually busier as people are hoping to move before the holiday season and winter. October looks to be a great time for buyers as we have lots of inventory and…

The Niagara Market Update for August 2023 Niagara real estate continues to hold steady, and with the recent Bank of Canada announcement September 6th that interest rates will hold for now. August showed us less new listings than July, with basically the same amount of sales, but this is expected during this month, as many are enjoying the last days of summer and getting the kids ready for school, We are also seeing the gap getting smaller regarding HPI composite benchmark price. Prices are only down 1% from July to August of 2023, and down 3.6% from August 2022 to August 2023.…

The Niagara Real Estate Market Report Year over Year - February 2023 vs February 2022 As forecasted, the Niagara Region has begun to spring back as month over month sales are up, the number of listings is up and the average days on market has decreased slightly. We can see as well that home values are holding steady at roughly the same as it was in January 2023. Looking back year over year, we will continue to see larger differences in these numbers as the market did not begin to level out until late in the second quarter of 2022. New…

The Niagara Real Estate Market Report Year over Year - January 2023 vs January 2022 As expected for January 2023, we are seeing less sales and more homes going up for sale compared to January 2022, which was a highly frenzied seller's market, as we all recall. We are definitely seeing a more balanced Real Estate Market. New listings in the Niagara Region were 771 in January 2023 vs 529 in January 2022, which is a increase of 45.7% Residential home sales in Niagara totaled 302 homes in January 2023 compared to 454 in January 2022, which is a decrease of…

The Niagara Real Estate Market Report Year over Year - December 2022 vs December 2021 New listings in the Niagara Region were 443 in December 2022 vs 403 in December 2021, which is a increase of 7.4% Residential home sales in Niagara totaled 275 homes in December 2022 compared to 473 in December 2021, which is a decrease of 41.9% The average HPI composite benchmark* price was $631,600 in December 2022, compared to $717,800 in December 2021, which is a decrease of 12% The Niagara Real Estate Market Report Month to Month, December 2022 vs November 2022. New listings in the…

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…

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…

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…

“The Niagara Real Estate Market is continuing to shift while buyers are in better positions to purchase their homes with more choices. The financial information available suggests residential prices will drop in the near future as well. Check out the monthly stats below. The Niagara Real Estate Market Report Month to Month, August 2022 vs July 2022 New listings in the Niagara Region were 1095 in August 2022 vs 1174 in July 2022, which is a decrease of 6.7% Residential home sales totaled 457 in August 2022 compared to 369 in July 2022, which is a Increase of 23.8%. ️ The average HPI…

⭐️The Niagara Real Estate Market Report Month to Month, July 2022 vs June 2022 New listings in the Niagara Region were 1174 in July 2022 vs 1534 in June 2022, which is a decrease of 23.5% ⬇️  Residential home sales totaled 369 in July 2022 compared to 483 in June 2022, which is a Decrease of 23.6%. ️⬇️ The average HPI composite benchmark* price was $716,500 In July 2022, compared to $753,200 in June 2022, which is an decrease of 4.9 %.️ ️⬇️  ⭐️The Niagara Real Estate Market Report Year over Year - July 2022 vs July 2021 ⭐️ New listings in the Niagara Region…

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%. ️ 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…

️The Niagara Market Report March 2022 vs March 2021 Residential home sales in Niagara totaled 830 homes in March 2022 compared to1064 in March 2021, which is a decrease of 22% The average HPI composite benchmark* price was $825,300 in March 2022 compared to $624,700 in March 2021, which is an increase of 32.1% ️The Niagara Market Report month to month, March 2022 vs February 2022 Residential home sales totaled 830 in March 2022 compared to 630 in February 2022, which is a Increase of 31.7%. The average HPI composite benchmark* price was $825,300 In March 2022, compared to $798,100…