As the new year commences, Niagara’s real estate market displays positive indicators. Unit sales have risen by a notable 21%. The average sale price has increased by 4%, reflecting steady growth. With 4.1 months of inventory, the market maintains a balanced equilibrium, providing favourable conditions for both prospective buyers and sellers. These figures affirm the region’s stability, making it an opportune time for individuals navigating the Niagara real estate market in 2024.
Hamilton’s real estate market presents encouraging figures. Unit sales have increased by 4%, reflecting a steady market. The average sale price has risen by 2%, indicating a positive trajectory. With 2.3 months of inventory, the market maintains a balance that favours both buyers and sellers. These statistics highlight Hamilton’s resilient real estate landscape, making it an opportune time for those considering entering or navigating the market in 2024.
Review current market conditions below and speak with your Royal Lepage NRC REALTOR® for continued advice.
Niagara-on-the-lake
Unit Sales: +89%
Average Sale Price: -6%
Niagara Falls
Unit Sales: +14%
Average Sale Price: +3%
Fort Eire
Unit Sales: -13%
Average Sale Price: +27%
St. Catharines
Unit Sales: +62%
Average Sale Price: 0%
Thorold
Unit Sales: +5%
Average Sale Price: +32%
Pelham
Unit Sales: 0%
Average Sale Price: +24%
Welland
Units Sales: +2%
Average Sale Price: -6%
Port Colborne
Unit Sales: -31%
Average Sale Price: -5%
Lincoln
Unit Sales: -5%
Average Sale Price: -10%
West Lincoln
Unit Sales: +50%
Average Sale Price: +10%
Grimsby
Unit Sales: +63%
Average Sale Price: -23%
Dunnville
Unit Sales: +60%
Average Sale Price: -5%
Hamilton
Unit Sales: +8%
Average Sale Price: -3%
Ancaster
Unit Sales: +28%
Average Sale Price: +12%
Stoney Creek
Unit Sales: -15%
Average Sale Price: +13%
Glanbrook
Unit Sales: -15%
Average Sale Price: -11%
Click here for more information on the January 2024 Residential Statistics.