Niagara’s real estate market is experiencing a notable upturn with a 7% increase in unit sales. Despite this surge, the average sale price remains stable, showing no significant change. However, with 4.7 months of inventory available, there’s a balanced equilibrium between supply and demand, suggesting a healthy market. These figures indicate a favourable environment for both buyers and sellers, fostering stability and confidence within Niagara’s real estate sector.
Hamilton’s real estate market reflects a nuanced landscape with a slight 2% decrease in unit sales, though the average sale price remains unchanged. Notably, the market boasts a low inventory of 2.9 months, indicating a tighter supply-demand dynamic. Despite the dip in unit sales, stability in pricing and constrained inventory suggest a resilient market. Hamilton continues to attract both buyers and investors, with opportunities for strategic acquisitions and sustainable growth amidst these conditions.
Review current market conditions below and speak with your Royal Lepage NRC REALTOR® for continued advice.
Niagara-on-the-lake
Unit Sales: +31%
Average Sale Price: -10%
Niagara Falls
Unit Sales: +2%
Average Sale Price: -1%
Fort Erie
Unit Sales: +2%
Average Sale Price: +6%
St. Catharines
Unit Sales: +11%
Average Sale Price: -4%
Thorold
Unit Sales: +25%
Average Sale Price: +10%
Pelham
Unit Sales: +11%
Average Sale Price: -3%
Welland
Unit Sales: -4%
Average Sale Price: -4%
Port Colborne
Unit Sales: +11%
Average Sale Price: -3%
Lincoln
Unit Sales: +7%
Average Sale Price: +6%
West Lincoln
Unit Sales: -10%
Average Sale Price: -8%
Grimsby
Unit Sales: +14%
Average Sale Price: +1%
Dunnville
Unit Sales: +23%
Average Sale Price: +1%
Hamilton
Unit Sales: -2%
Average Sale Price: 0%
Ancaster
Unit Sales: -2%
Average Sale Price: -1%
Stoney Creek
Unit Sales: -3%
Average Sale Price: 0%
Glanbrook
Unit Sales: +4%
Average Sale Price: -2%
Click here for more information on the April 2024 Residential Statistics.