In February, the Niagara Region’s real estate market saw a significant uptick, with unit sales surging by 17%. Despite this robust activity, the average sale price experienced a modest increase of 1%. Inventory remained relatively stable, with 4.4 months of supply available. This data suggests continued demand in the region, with buyers actively engaging in the market, albeit with prices holding steady.
The Hamilton Region’s real estate market exhibited resilience, as unit sales recorded a positive growth of 7%. However, the average sale price experienced a slight dip, decreasing by 1%. Notably, the market showcased heightened demand, with only 2.6 months of inventory available. Despite the price adjustment, the region remains dynamic, emphasizing a competitive landscape driven by increased buyer activity and a relatively constrained housing supply.
Review current market conditions below and speak with your Royal Lepage NRC REALTOR® for continued advice.
Niagara-on-the-lake
Unit Sales: +50%
Average Sale Price: +10%
Niagara Falls
Unit Sales: +5%
Average Sale Price: -2%
Fort Erie
Unit Sales: +1%
Average Sale Price: +15%
St. Catharines
Unit Sales: +37%
Average Sale Price: -2%
Thorold
Unit Sales: +10%
Average Sale Price: +24%
Pelham
Unit Sales: +26%
Average Sale Price: +10%
Welland
Unit Sales: +3%
Average Sale Price: -9%
Port Colborne
Unit Sales: +6%
Average Sale Price: -10%
Lincoln
Unit Sales: +24%
Average Sale Price: +2%
West Lincoln
Unit Sales: -3%
Average Sale Price: -5%
Grimsby
Unit Sales: +40%
Average Sale Price: -10%
Dunnville
Unit Sales: +6%
Average Sale Price: -6%
Hamilton
Unit Sales: +11%
Average Sale Price: +2%
Ancaster
Unit Sales: +4%
Average Sale Price: +2%
Stoney Creek
Unit Sales: -1%
Average Sale Price: +5%
Glanbrook
Unit Sales: -12%
Average Sale Price: -7%
Click here for more information on the February 2024 Residential Statistics.