Niagara’s real estate market has experienced stability in unit sales, remaining unchanged at 0%, while the average sale price has seen a slight decrease of 1%. With 5.5 months of inventory available, the market is leaning towards a balanced state, offering opportunities for both buyers and sellers. This moderate inventory level suggests a slower pace in sales, giving buyers more options while slightly tempering price growth. Overall, the market reflects cautious optimism.
Hamilton’s real estate market is experiencing a slight downturn in activity, with unit sales declining by 6%. However, the average sale price has remained stable, showing no change. With 3.4 months of inventory, the market is still relatively competitive, favoring sellers, though the slower sales pace indicates some cooling. Buyers may find limited options, but price stability suggests that the market is holding steady despite the decrease in sales activity.
Review current market conditions below and speak with your Royal Lepage NRC REALTOR® for continued advice.
Niagara-on-the-lake
Unit Sales: +4%
Average Sale Price: -7%
Niagara Falls
Unit Sales: +10%
Average Sale Price: -2%
Fort Erie
Unit Sales: +1%
Average Sale Price: +1%
St. Catharines
Unit Sales: 0%
Average Sale Price: -3%
Thorold
Unit Sales: +5%
Average Sale Price: 0%
Pelham
Unit Sales: +6%
Average Sale Price: +11%
Welland
Unit Sales: -10%
Average Sale Price: -4%
Port Colborne
Unit Sales: -3%
Average Sale Price: -2%
Lincoln
Unit Sales: +6%
Average Sale Price: +6%
West Lincoln
Unit Sales: -13%
Average Sale Price: -4%
Grimsby
Unit Sales: -7%
Average Sale Price: +1%
Dunnville
Unit Sales: -7%
Average Sale Price: -1%
Hamilton
Unit Sales: -7%
Average Sale Price: -2%
Ancaster
Unit Sales: -2%
Average Sale Price: +3%
Stoney Creek
Unit Sales: -8%
Average Sale Price: -2%
Glanbrook
Unit Sales: -7%
Average Sale Price: +2%
Click here for more information on the July 2024 Residential Statistics.