May 2018 Residential Statistics

Check out this May’s Residential Market Statistics, and 12 Month Trend by Market. Regional sales down, but average sale prices rose slightly.  With 3.6 months of supply in Niagara + Dunnville, and 2.8 months of supply in Hamilton, Stoney Creek and Ancaster, we are still in a Seller’s Market.

St Catharines average sale price rose 5.1% and unit sales fell 21.3%.

Niagara on the Lake saw a 52.2% drop in unit sales, and a 3.2% decrease in average sale price.

Niagara Falls’ average sale price decreased 0.6% and unit sales fell 20.1%.

Fort Erie had a 25.8% decrease in unit sales, and a 9.6% increase in average sale price.

Thorold had a 39.9% decrease in unit sales over last year, and a 0.3% increase in average sale price.

Pelham’s average sale price increased 11.1% and unit sales decreased 38.2%.

Welland also saw a decrease in unit sales at 24.6%, and an average sale price increase of 12.0%.

Port Colborne’s average sale price increased 18.9% over last year, and unit sales fell 16.0%.

Lincoln saw an 23.7% decrease in unit sales and an increase of 3.1% in average sale price.

West Lincoln has an 7.8% increase in average sale price, and unit sales dropped 19.1%

Grimsby had an 11.2% decrease in unit sales, but an 8.4% increase in average sale price.

Dunnville’s unit sales decreased 38.3% and average sale price rose 17.3%.

Hamilton’s average sale price dropped 0.5%, and unit sales dropped 29.5%.

Ancaster unit sales decreased 32.5%, and average sale price decreased 4.3% over last year.

Stoney Creek’s unit sales and average sale price dropped, unit sales down 25.3% average sale price decreased 8.1%.

Residential Market Stats – MAY 2018        Monthly Trend By Market – MAY 2018