The real estate market in Niagara remains static, with unit sales at 0% and the average sale price unchanged. Despite this, the area has seen an influx of new listings, up by 17%. With 5.4 months of inventory, the market appears balanced, neither favoring buyers nor sellers. This stability suggests that while there is an increased interest in selling, demand remains steady, maintaining equilibrium in the market.
Hamilton’s real estate market is experiencing a slight downturn, with unit sales declining by 8%. Despite this, the average sale price remains unchanged. The market currently has 3.4 months of inventory, indicating a somewhat balanced market. New listings have increased by 8%, suggesting a growing interest in selling properties. While sales have slowed, the stable pricing and increased listings highlight a resilient market with consistent buyer interest.
Review current market conditions below and speak with your Royal Lepage NRC REALTOR® for continued advice.
Niagara-on-the-lake
Unit Sales: +8%
Average Sale Price: -8%
Niagara Falls
Unit Sales: +15%
Average Sale Price: -1%
Fort Erie
Unit Sales: +2%
Average Sale Price: +1%
St. Catharines
Unit Sales: +4%
Average Sale Price: -2%
Thorold
Unit Sales: +3%
Average Sale Price: 0%
Pelham
Unit Sales: -5%
Average Sale Price: +13%
Welland
Unit Sales: -13%
Average Sale Price: -5%
Port Colborne
Unit Sales: -8%
Average Sale Price: 0%
Lincoln
Unit Sales: +3%
Average Sale Price: +4%
West Lincoln
Unit Sales: -15%
Average Sale Price: -5%
Grimsby
Unit Sales: -10%
Average Sale Price: 0%
Dunnville
Unit Sales: -7%
Average Sale Price: +3%
Hamilton
Unit Sales: -8%
Average Sale Price: -2%
Ancaster
Unit Sales: -4%
Average Sale Price: +4%
Stoney Creek
Unit Sales: -9%
Average Sale Price: -1%
Glanbrook
Unit Sales: -9%
Average Sale Price: 0%
Click here for more information on the June 2024 Residential Statistics.